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614 Prospect Street

Elyria, OH 44035
  • $450,000
  • STATUS: Active
  • ON SITE: 3 Days
  • MLS #: 5190229
New On Site 3 Days Ago
UPDATED: 49 min ago
$450,000
  • 0
    BEDS
  • 0.38
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1959
County:
Area:

School Ratings & Info

School District:

Description

This is a rare opportunity to acquire a well-maintained, income-producing commercial property in a prime, high-visibility location in Elyria. The building is fully occupied by three tenants—a convenience store, bakery and Church currently generating $3150 per month in gross income. This freestanding brick plaza features frontage on Prospect Street, one of the city’s main thoroughfares, ensuring outstanding exposure and accessibility. The property also offers ample on-site parking for customers and employees & benefits from strong foot traffic. It is surrounded by a healthy mix of residential neighborhoods, retail establishments, and service-oriented businesses. Its central location provides convenient access to major highways and is just minutes from downtown Elyria. With stable tenancy, strong visibility, and a desirable location, this turnkey property presents an excellent opportunity for investors seeking reliable cash flow and long-term value. Please do not disturb tenants.

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www.clevelandhomefinder.com/homes/173633681
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614 Prospect Street Elyria, OH 44035

  • Price: $450,000
  • Status: Active
  • On Site: 3 Days
  • Updated: 49 min ago
  • MLS #: 5190229
0
Beds
0
Baths
0
½ Baths
0.38
Acres
1959
Built
Neighborhood:
Harvard Ave
County:
Lorain
Area:
Elyria
School District:
Elyria Csd - 4706
Property Description
This is a rare opportunity to acquire a well-maintained, income-producing commercial property in a prime, high-visibility location in Elyria. The building is fully occupied by three tenants—a convenience store, bakery and Church currently generating $3150 per month in gross income. This freestanding brick plaza features frontage on Prospect Street, one of the city’s main thoroughfares, ensuring outstanding exposure and accessibility. The property also offers ample on-site parking for customers and employees & benefits from strong foot traffic. It is surrounded by a healthy mix of residential neighborhoods, retail establishments, and service-oriented businesses. Its central location provides convenient access to major highways and is just minutes from downtown Elyria. With stable tenancy, strong visibility, and a desirable location, this turnkey property presents an excellent opportunity for investors seeking reliable cash flow and long-term value. Please do not disturb tenants.
Exterior Features

Attached Garage YN No

Interior Features

Building Area Total 4608 Cooling Central Air Cooling YN Yes Heating Forced Air Gas Heating YN Yes Main Level Bathrooms 0

Property Features

Property Sub Type Retail Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 5402 Township Elyria Water Source Public

 
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Howard Hanna
8396 Mentor Ave.
Mentor OH, 44060