1412 West AveElyria, OH 44035

For Sale
$229,900

Prime Retail Space w/ 3 Apartments

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a newly renovated 2,072 square foot storefront located at 1412 West Ave, Elyria, OH 44035. The property, built in 1900, sits on a spacious 0.13-acre, two-parcel lot offering ample parking and a convenient turnaround driveway. The storefront itself boasts abundant natural light thanks to new front windows, a half bath, and a large storage area accessible separately from the main retail space. Recent improvements include power washing, new exterior doors, and a freshly repaved blacktop driveway. Modernization extends to new electrical panels and hot water tanks for each unit. Above the storefront are three updated apartments: two one-bedroom units and one two-bedroom unit. Each apartment features fresh paint, new light fixtures, and new flooring. The basement provides additional storage space and has also been freshly painted. This property offers a unique blend of commercial and residential income potential, making it an ideal investment for those seeking a combination of business ownership and rental income. The asking price for this turnkey property is $229,900. This is a rare opportunity to acquire a well-maintained, income-generating property in a desirable location. Don't miss out!

Highlights

  • Newly renovated retail storefront with three apartments above.
  • Large two-parcel lot (0.13 acres) offering ample parking and a turnaround driveway.
  • Storefront features abundant natural light, new windows, a half bath, and a large storage area with separate access.
  • Recent improvements include power washing, new exterior doors, and a repaved driveway.
  • New electrical panels and hot water tanks for each unit (including storefront).
  • Three apartments (two 1-bedroom, one 2-bedroom) featuring fresh paint, new lighting, and new flooring.

Property Details for 1412 West Ave

Property type
Other retail properties, Individual retail properties
Square Feet
2,072 SF
Year Built
1900
Buildings
1
Lot Size (sq. ft)
5,663 SF

Location Insight

City
Elyria
County
Lorain
State
Ohio
Latitude
41.3529612
Longitude
-82.1105595
1412 West Ave, Elyria, Ohio

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1412 West Ave
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