1305 Taylor StElyria, OH 44035

  • Industrial properties
  • 19,860 SF
For Sale
$778,000 View listing

Property Details for 1305 Taylor St

Year built
1971
Lot size
1.23 AC
Property size (Sq ft)
19,860 SF
Property type
Industrial properties
Property subtype
Other industrial properties
APN
06-25-008-000-010
APU
625008000010

Description

This exceptional 19,800-square-foot industrial property, located at 1305 Taylor St in Elyria, Ohio, presents a rare owner-user opportunity with strong cash flow potential. Situated on a 1.23-acre lot, this multi-tenant building boasts a 20-foot ceiling height, ideal for various uses. Currently, approximately 5,200 square feet is available for immediate occupancy, with an additional approximately 7,400 square feet potentially becoming available by December 31, 2024. The property is zoned L-1, permitting a range of uses including light manufacturing, warehousing, and automotive repair. Built in 1971, this well-located warehouse offers excellent access to major transportation arteries, providing convenient access to all of Northeast Ohio and Interstate 80, just 3.8 miles away. The asking price is $778,000, translating to $39 per square foot. This represents a compelling investment opportunity in a prime industrial park location. The property's multi-tenant configuration allows for both owner-occupancy and rental income generation, maximizing return on investment. This is a unique chance to acquire a versatile and strategically located industrial asset in a thriving market. The property's size, zoning, and location combine to create a highly desirable offering for a variety of businesses.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $4,089,496
    Hospitality
    $3,745,956
    Educational
    $3,116,592
    Medical
    $3,223,776
    Retail
    $4,848,032
1305 Taylor St, Elyria, Ohio

Location Insight

City
Elyria
County
Lorain
State
Ohio
Latitude
41.3708
Longitude
-82.0704
CBSA code
17460
CBSA name
CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$10,206
$23,678
$116,701
$140,379
-
$67,650
$333,430
$401,080

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