$700,000
$875,000
20.0%For more information regarding the value of a property, please contact us for a free consultation.
42857 N Ridge RD Elyria, OH 44035
1.7 Acres Lot
Key Details
Sold Price $700,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Subdivision Newberry Trail
MLS Listing ID 4415288
Sold Date 08/18/23
HOA Y/N No
Year Built 1999
Annual Tax Amount $16,547
Lot Size 1.700 Acres
Acres 1.7
Property Sub-Type Retail
Property 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.
Location
State OH
County Lorain
Interior
Fireplace No
Exterior
Parking Features Assigned, Paved, Unpaved
Water Access Desc Public
Roof Type Asphalt,Fiberglass,Flat,Pitched,Rubber
Building
Water Public
Schools
School District Elyria Csd - 4706
Others
Tax ID 06-21-003-102-016
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Other
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Bought with David M Reddy • Keller Williams Citywide