206 Bridge StElyria, OH 44035
- Retail properties
- 3,833 SF
Property Details for 206 Bridge St
- Year built
- 1950
- Lot size
- 0.39 AC
- Property size (Sq ft)
- 3,833 SF
- Property type
- Retail properties
- Property subtype
- Other individual retail properties
- APN
- 06-25-059-000-005
- APU
- 625059000005
Description
This exceptional mixed-use property, located at 206 E Bridge Street in Elyria, Ohio, presents a compelling investment opportunity. Situated on a 0.39-acre lot, the building offers significant potential for a variety of commercial ventures. Its prime location ensures high visibility and accessibility, benefiting from substantial foot and vehicle traffic. The building itself is substantial in size, though precise square footage is unavailable at this time. A key feature is the inclusion of a three-bedroom apartment on the second level, providing additional income potential or housing for business owners. This versatile property is ideally suited for entrepreneurs seeking a blend of commercial space and residential accommodation. The asking price of $144,900 makes this an attractive proposition for investors seeking a strong return on their investment. The property's location on a busy street guarantees excellent exposure, making it an ideal platform for a thriving business. Serious inquiries are encouraged to explore the full potential of this unique opportunity. Don't miss out on this chance to own a piece of Elyria's vibrant commercial landscape.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,013,648
- 6.5%
- $935,675
- 7%
- $868,841
-
Comparable approach
- Method
- Valuation
- Relative Method
- $903,518
- Geo Method
- $903,518
-
Alternative Use
- Use
- Valuation
- Residential
- $789,277
- Hospitality
- $722,973
- Educational
- $601,505
- Medical
- $622,192
- Retail
- $935,675
Location Insight
- City
- Elyria
- County
- Lorain
- State
- Ohio
- Latitude
- 41.3696
- Longitude
- -82.0982
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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