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Property profile & analytics
FOR SALE
Parking lots & garages

42483 N Ridge Rd Elyria, OH 44035

2,881 SF 0.52 ac lot Built 1979
Entity Owned 26-yr Hold Free & Clear
Property ID
US66-1112358
Property summary
AI-generated overview

This exceptional 2,881 square foot freestanding commercial property, located at 42483 N Ridge Rd in Elyria, Ohio, presents a lucrative investment opportunity. Priced at $550,000, this retail space sits on a prominent 0.52-acre corner lot, boasting unparalleled visibility and accessibility. The building currently functions as an auto service center, offering a versatile layout adaptable to various retail uses. Its strategic location benefits from high daily traffic volume, with 11,147 vehicles passing on N. Ridge Rd and 4,374 on Elyria Ave. Furthermore, convenient access to OH-2, a major thoroughfare with 59,729 vehicles per day, ensures significant exposure to potential customers. The property is surrounded by a thriving retail environment, including established businesses such as Speedway, Subway, Marc's, Dollar Tree, and O'Reilly Auto Parts, creating a synergistic and attractive commercial landscape. This property's combination of size, location, and high traffic counts makes it an ideal investment for discerning buyers seeking a strong return on investment in a bustling Ohio market. The property's zip code is 44035, and it is situated in Lorain County.

Property profile
Verified
Property type Parking lots & garages
Use group PARKING GARAGE, PARKING STRUCTURE
Year built 1979
Total area 2,881 SF
Lot 0.52 ac (22,651 SF)
APN 06-21-005-101-001
UPID US66-1112358
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Tire Choice Auto Service Centers (Bike/Boat/Book/etc) Store Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
BRAZOS AUTOMOTIVE PROPERTIES
BRAZOS AUTOMOTIVE PROPERTIES
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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