37040 Colorado AveAvon, OH 44011

For Sale
$399,000

Updated Avon Office, Strong Tenants, High ROI

Overview

Added:
Feb 3
Days on market:
39
This exceptional 0.13-acre office building, located at 37040 Colorado Avenue in the thriving city of Avon, Ohio, presents a compelling investment opportunity. The property boasts a completely remodeled interior, completed in 2017, from the studs up. This extensive renovation included a new HVAC system with updated ductwork, a replacement hot water tank, all new windows, a comprehensive electrical upgrade, and superior insulation achieved through a combination of spray foam and fiberglass. Accessibility features were also enhanced with the installation of a handicap-accessible ramp. Exterior improvements are equally impressive, featuring new siding, gutters, and a chimney replacement completed in 2021. Further enhancing the property's functionality and longevity, a new drainage system was installed in 2023. The building currently benefits from long-term tenants, ensuring a stable and predictable income stream. This property's combination of recent upgrades, desirable location in the heart of Avon, and established tenancy makes it an ideal investment for discerning buyers seeking a high return on investment in a prime commercial location. The asking price is $399,000. The square footage is not currently available.

Property Details for 37040 Colorado Ave

Property type
Office properties, Other office properties
Lot Size (sq. ft)
5,663 SF

Location Insight

City
Avon
County
Lorain
State
Ohio
Latitude
41.45222
Longitude
-82.03533
37040 Colorado Ave, Avon, Ohio

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37040 Colorado Ave
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