36 Ely AveAlliance, OH 44601

For Sale
$495,000

High-yield retail property, two tenants.

Overview

Added:
Feb 3
Days on market:
39
This exceptional investment opportunity presents a 4,352 square foot retail plaza located at 36 W Ely Avenue in Alliance, Ohio, situated on a 0.98-acre lot. The property boasts two established tenants: a snack shop and a laundromat, ensuring a consistent income stream. The seller is responsible for all exterior maintenance and property taxes, while tenants cover interior maintenance and insurance. Recent significant improvements include a new roof, HVAC system, and electrical work, all completed in 2021. The parking lot has also undergone recent patching and sealing. This turnkey operation offers immediate cash flow potential. Furthermore, the property's zoning allows for expansion. City-approved plans permit the construction of an additional building on the rear 0.98-acre lot. This presents a unique opportunity to increase revenue and property value by adding a restaurant, car wash, hair salon, retail shop, or other compatible business. Detailed lease information and monthly rental income figures are available upon request. This is a rare chance to acquire a well-maintained, high-performing retail property with significant upside potential in a desirable location. Don't miss this chance to secure a strong investment in a thriving market.

Property Details for 36 Ely Ave

Property type
Retail properties, Other retail properties
Square Feet
4,352 SF
Year Built
1966
Lot Size (sq. ft)
42,689 SF

Location Insight

City
Alliance
County
Stark
State
Ohio
Latitude
40.92408
Longitude
-81.10643
36 Ely Ave, Alliance, Ohio

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36 Ely Ave
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