Rhonda Albaugh
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Listed By
Agency Name: Howard Hanna
Agency Contact: manarelkurd@howardhanna.com, 330-807-8423
Shown By
Agent Name: Rhonda Albaugh
Agent Phone: (330) 323-3804
Agency Title: Cutler Real Estate
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Property Description
This is a rare opportunity to acquire a well-maintained, income-producing commercial property in a prime, high-visibility location in Elyria. The building is fully occupied by three tenants?a convenience store, bakery and Church currently generating $3150 per month in gross income. This freestanding brick plaza features frontage on Prospect Street, one of the city's main thoroughfares, ensuring outstanding exposure and accessibility. The property also offers ample on-site parking for customers and employees & benefits from strong foot traffic. It is surrounded by a healthy mix of residential neighborhoods, retail establishments, and service-oriented businesses. Its central location provides convenient access to major highways and is just minutes from downtown Elyria. With stable tenancy, strong visibility, and a desirable location, this turnkey property presents an excellent opportunity for investors seeking reliable cash flow and long-term value. Please do not disturb tenants.
Property Features
Property Type: Commercial - Retail
Cooling: Central Air
Days on Market: 3
Heating: Forced Air, Gas
Lot Size: 0.38 Acres
Taxes: $5,402 / year
Year Built: 1959
Feature Descriptions
Parcel#: 06-25-006-114-025
Sewer: Public Sewer
Water: Public
Local Schools
School District: Elyria City
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614 Prospect Street | MLS# 5190229
This commercial property located at 614 Prospect Street, Elyria, OH 44035 is currently listed for sale with an asking price of $450,000. Prospect Street is located within the Elyria City school district. Search Elyria real estate on ralbaugh.cutlerhomes.com today.