For Sale
$295,000

42255 Butternut Ridge RdElyria, OH 44035

Large mixed-use building, 2.87 acres, renovation opportunity.

Overview

Added:
Feb 3
Days on market:
64
This expansive 10,000 square foot mixed-use building presents a unique investment opportunity in Elyria, Ohio. Situated on a generous 2.87-acre lot, the property offers significant potential for redevelopment. Currently gutted, the interior provides a blank canvas for a wide range of uses. The building's substantial size allows for diverse configurations, catering to various business or residential needs. However, it's crucial to note that according to township zoning regulations, the property is currently zoned residential. Any commercial use would require a rezoning process. This discrepancy is noted because county records still list the zoning as commercial. The property's large lot size and existing structure offer considerable flexibility for a buyer willing to navigate the rezoning process. This presents a chance to create a truly customized space tailored to specific requirements. The asking price is $295,000. This property is ideal for an investor or entrepreneur seeking a substantial project with high upside potential. The location at 42255 Butternut Ridge Road provides excellent visibility and accessibility.

Property Details for 42255 Butternut Ridge Rd

Property type
Mixed-use properties
Square Feet
10,000 SF
Year Built
1950
Lot Size (sq. ft)
125,017 SF

Location Insight

City
Elyria
County
Lorain
State
Ohio
Latitude
41.3118
Longitude
-82.14206
42255 Butternut Ridge Rd, Elyria, Ohio

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42255 Butternut Ridge Rd
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