DESCRIPTION
Prime property for development or investment income. Located right at the corner of North Ridge Road and Lake Avenue in Elyria. The income and expenses for the property are outlined in the income and expense section. Monthly rent is $6,959.00 & current owner will lease back office space for $1,000.00/month for 2 years if new owner is interested. The $7,200.00 miscellaneous expense includes electric, trash, water & sewer. There is a total of 6 buildings. Well traveled roadway with great visibility. Close to I-90 and the Ohio Turnpike.
KEY DETAILS
- Price:
- $950,000
- Bedrooms:
- 0
- Full Baths:
- 0
- Square Footage:
- n/a
- Acreage:
- 1.70
- Year Built:
- 1999
- MLS #:
- 4415288
- Street Address:
- 42857 N Ridge Rd
- City:
- Elyria
- State:
- OH
- Postal Code:
- 44035
- County:
- Lorain
- Subdivision:
- Newberry Trail
- Listing Status:
- For Sale - Active
Building
- Type Of Roof:
- Asphalt, Fiberglass, Flat, Pitched, Rubber
- Year Built:
- 1999
Business
- Annual Insurance Expenses:
- 6000
- Annual Maintenance Expenses:
- 12000
Land
- Lot Size:
- 1.7
Listing
- Days On Market:
- 51
- Lease Rate:
- 95508
- On Market Date:
- 2022-11-15
- Originating Mls:
- Yes-Mls
- Terms:
- Cash, Conventional
Money
- Ownership:
- Principal/
Nr
Structures
- Parking Description:
- Assigned
Systems
- Existing Water:
- Public
- Sewage Type:
- Public Sewer
Source
-
Listing Provided By: David M Reddy with Keller Williams Citywide
The listing information herein is provided through the MLS IDX database. Information is deemed reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program of NEOHREX.
