1320 Taylor StElyria, OH 44035

Property Details for 1320 Taylor St

Year built

1968

Lot size

1.99 AC

Property size (Sq ft)

30,000 SF

Property type

Office properties

Property subtype

Office buildings

APN

06-25-008-000-011

APU

625008000011

Description

This exceptional 15,000-square-foot industrial property, located at 1320 Taylor St, Elyria, OH 44035, presents a unique opportunity for businesses seeking flexible space. Situated on a generous 1.99-acre lot, this Class B building offers a single-story layout with a 14-foot ceiling height, ideal for various uses. The property is zoned 447 - Office Building, allowing for diverse operational configurations. The building's total square footage is 30,000 square feet, with 15,000 square feet currently available for lease as a single contiguous unit. This space is suitable for flex, warehouse, R&D, or medical office purposes, catering to a wide range of business needs. Ample parking is provided with 95 spaces, and convenient access is ensured by a single drive-in bay. The property's multiple tenancy structure offers flexibility for future expansion or subleasing. This prime location in Elyria, Ohio offers easy access to major transportation routes, making it an attractive option for businesses seeking efficient logistics and a strategic location. The available space is immediately ready for occupancy. Don't miss this chance to secure this versatile and well-located industrial property.

• CAP approach

  CAP return

  Valuation

  6%

  $5,396,998

  6.5%

  $4,981,844

  7%

  $4,625,998

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,806,200

  Geo Method

  $2,806,200

• Alternative Use

  Use

  Valuation

  Residential

  $6,177,486

  Hospitality

  $5,658,544

  Educational

  $4,707,842

  Medical

  $4,869,752

  Retail

  $7,323,310

Location Insight

City

Elyria

County

Lorain

State

Ohio

Latitude

41.3722

Longitude

-82.0697

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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