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$ 450,000
Est. payment | /mo
0.65 Acres Lot
$ 450,000
Est. payment | /mo
0.65 Acres Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5087134
HOA Y/N No
Year Built 1900
Annual Tax Amount $6,724
Tax Year 2023
Lot Size 0.650 Acres
Acres 0.65
Property Sub-Type Mixed Use
Property Description
Attention investors! This unique property offers a prime opportunity in Elyria with easy access to downtown, bordering both residential and industrial areas. Spanning 0.65 acres across five contiguous lots, it includes a profitable 4-bay, self-service carwash, plus two single-family homes. The first home is a well-maintained 1,300 sqft residence with a 2-car garage, while the second home requires a complete renovation or rebuild, providing a great value-add opportunity. Zoned as Business Neighborhood, these legacy single-family homes can continue as residential properties or potentially be converted for commercial use. If that wasn’t enough, there is a contiguous .22 acre, single family property that is also available and listed separately. With a strategic location and multiple income streams from rental potential and the carwash, this property is a versatile investment ready for a creative buyer. Don’t miss the chance to own this multi-use opportunity!
Location
State OH
County Lorain
Interior
Heating Forced Air
Fireplace No
Schools
School District Elyria Csd - 4706
Others
Tax ID 06-25-016-108-012
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Listed by Robert Bergmann • Russell Real Estate Services • bobopensdoors@gmail.com 216-903-8814