1412 West AveElyria, OH 44035

Property Details for 1412 West Ave

Year built

1900

Lot size

0.13 AC

Property size (Sq ft)

2,072 SF

Property type

Residential income properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a newly renovated 2,072 square foot storefront located at 1412 West Ave, Elyria, OH 44035. The property, built in 1900, sits on a spacious 0.13-acre, two-parcel lot offering ample parking and a convenient turnaround driveway. The storefront itself boasts abundant natural light thanks to new front windows, a half bath, and a large storage area accessible separately from the main retail space. Recent improvements include power washing, new exterior doors, and a freshly repaved blacktop driveway. Modernization extends to new electrical panels and hot water tanks for each unit. Above the storefront are three updated apartments: two one-bedroom units and one two-bedroom unit. Each apartment features fresh paint, new light fixtures, and new flooring. The basement provides additional storage space and has also been freshly painted. This property offers a unique blend of commercial and residential income potential, making it an ideal investment for those seeking a combination of business ownership and rental income. The asking price for this turnkey property is $229,900. This is a rare opportunity to acquire a well-maintained, income-generating property in a desirable location. Don't miss out!

Location Insight

City

Elyria

County

Lorain

State

Ohio

Latitude

41.353

Longitude

-82.1106

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