206 Bridge StElyria, OH 44035

Property Details for 206 Bridge St

Year built

1950

Lot size

0.39 AC

Property size (Sq ft)

3,833 SF

Property type

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.

• CAP approach

  CAP return

  Valuation

  6%

  $851,739

  6.5%

  $786,220

  7%

  $730,062

• Comparable approach

  Method

  Valuation

  Relative Method

  $372,880

  Geo Method

  $372,880

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,602,960

  Mixed-Use / Specialty

  $755,229

  Hospitality / Lodging

  $517,387

  Office

  $721,382

  Institutional / Educational

  $775,059

  Residential Income

  $906,819

  Multifamily

  $1,243,860

  Automotive / Energy

  $664,336

  Parking / Income-Based Land

  $257,104

  Restaurant / Food Service

  $332,641

  Healthcare / Senior Housing

  $803,380

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

FAQs

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