401-427 Cleveland Street

Elyria, OH 44035

100% Occupied!! The current cap rate is now 9.6%.. Possible Owner financing available at a 6% interest rate will be considered with a strong down payment. Prime commercial retail strip mall in Elyria, OH! Located in a high-traffic area near Route 57 and the Ohio Turnpike (80) on a heavily traveled street within a thriving business district. This 24,871 SQ FT building sits on 0.83 acres of valuable land. There are 9 total units by, of which eight are in the main retail strip, and the additional freestanding building (9th unit) is located directly behind the main retail strip. Tenants have a long, solid history at this plaza! With future increases in rents, the Pro Forma Cap rate will be well over 10%.

Listing courtesy of Andrew G Pal of RE/MAX Real Estate Group



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