37040 Colorado Ave Avon, OH 44011

Property Details for 37040 Colorado Ave

Year built

2017

Construction

WOOD FRAME

Lot size

0.13 lot acres

Property size

1,176 SF

Property type

Office buildings

APN

04-00-010-111-031

APU

400010111031

Description

This exceptional 0.13-acre office building, located at 37040 Colorado Avenue in the thriving city of Avon, Ohio, presents a compelling investment opportunity. The property boasts a completely remodeled interior, completed in 2017, from the studs up. This extensive renovation included a new HVAC system with updated ductwork, a replacement hot water tank, all new windows, a comprehensive electrical upgrade, and superior insulation achieved through a combination of spray foam and fiberglass. Accessibility features were also enhanced with the installation of a handicap-accessible ramp. Exterior improvements are equally impressive, featuring new siding, gutters, and a chimney replacement completed in 2021. Further enhancing the property's functionality and longevity, a new drainage system was installed in 2023. The building currently benefits from long-term tenants, ensuring a stable and predictable income stream. This property's combination of recent upgrades, desirable location in the heart of Avon, and established tenancy makes it an ideal investment for discerning buyers seeking a high return on investment in a prime commercial location. The asking price is $399,000. The square footage is not currently available.

Location Insight

City

Avon

County

Lorain

State

Ohio

Longitude

-82.0353

Latitude

41.4522

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments