1305 Taylor StElyria, OH 44035

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

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.

• Alternative Use

  Use

  Valuation

  Residential

  $4,089,496

  Hospitality

  $3,745,956

  Educational

  $3,116,592

  Medical

  $3,223,776

  Retail

  $4,848,032

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

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