43085 Ridge RdElyria, OH 44035

Property Details for 43085 Ridge Rd

Year built

1900

Construction

FRAME

Lot size

0.62 AC

Property size (Sq ft)

2,546 SF

Property type

Office properties

Property subtype

Office buildings

APN

06-21-002-000-021

APU

621002000021

Description

This exceptional 2,500-square-foot freestanding executive office building presents a unique opportunity in Elyria, Ohio. Situated on a 0.62-acre lot at 43085 N Ridge Rd, zip code 44035, this single-tenant property offers complete privacy and ample space for a discerning business. The building is currently vacant, allowing for immediate occupancy and customization to perfectly suit your company's needs. The property's classification as both retail and office space provides flexibility for a variety of uses. Located in Lorain County, this property benefits from convenient access to major transportation routes, enhancing its appeal for both employees and clients. The building's substantial size, combined with its prime location and freestanding nature, makes it an ideal choice for businesses seeking a prominent and easily accessible presence. The entire 2,500 square feet is available for lease, providing a significant amount of space for operations, meeting areas, and administrative functions. This is a rare opportunity to secure a substantial, well-located, and completely vacant office building in a desirable area. The property's single-tenant status ensures exclusive use and control, offering a high degree of privacy and operational independence. Don't miss this chance to establish your business in this impressive and readily available space.

• CAP approach

  CAP return

  Valuation

  6%

  $458,025

  6.5%

  $422,792

  7%

  $392,593

• Comparable approach

  Method

  Valuation

  Relative Method

  $238,153

  Geo Method

  $238,153

• Alternative Use

  Use

  Valuation

  Residential

  $524,263

  Hospitality

  $480,222

  Educational

  $399,539

  Medical

  $413,280

  Retail

  $621,505

Location Insight

City

Elyria

County

Lorain

State

Ohio

Latitude

41.4177

Longitude

-82.1565

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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