Skip to main content
Chris Bergin, Sales Associate
SOLD
$150,000
Date 08/18/2023

508-516 Cleveland Street
Elyria, OH 44035

Single Family, Retail
Residence
6,702
Sqft
0.666116
Lot Size
Courtesy: Coldwell Banker Schmidt Realty
Looking for a lucrative investment opportunity in commercial real estate? Look no further than 508-516 Cleveland Street, Elyria - a prime piece of mixed-use real estate located in the heart of one of Ohio's most vibrant communities. This property offers a unique opportunity for savvy investors and business owners alike. With a gross income of $3,500 per month and two units currently available for lease, this property is a solid investment with potential for increased revenue. The property features a mix of four (4) commercial and three (3) residential units (four (4) units if including the studio unit), providing multiple income streams. There is one vacant commercial unit that is ready for occupancy, offering a flexible space that is ideal for a variety of business types. Additionally, the property also boasts a vacant residential studio that presents a versatile space that can be utilized for various purposes. This is an excellent opportunity to invest in a property with solid income potential and the ability to add value with minor improvements. The location of this property cannot be beaten, with easy access to major highways and close proximity to shopping, dining, and entertainment options. Don't miss your chance to own this prime piece of commercial real estate in the heart of Elyria. Contact us today to schedule a viewing and explore the potential of this incredible investment opportunity.
4442130
Single Family, Retail, 2 Story
Lorain
1920
0.666116 Acres
Public
2
Public Sewer
Loading...
Data Provided by Onboard
Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.

Walk Score

Transit Score

Courtesy: Coldwell Banker Schmidt Realty
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of NEOHREX. Real estate listings held by brokerage firms other than the owner of this site are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright© 2024 NEOHREX. All rights reserved.
This content last refreshed on 4/19/2024 2:54 PM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.