225 East Ave - Warehouse FOR SALE


Elyria, OH 44035- Downtown Elyria
$4,495,000 USD
330-722-5002
225 East Ave, Elyria, OH for Sale
$4,495,000 USD
Warehouse - FOR SALE
1/14
null | Request Cap Rate

NEW


225 East Ave
Elyria, OH 44035
Downtown Elyria


HIGHLIGHTS

  • 1st Floor (±49,029 SF) - Warehouse: ±28,429 SF | Office: ±20,600 SF | 2nd Floor (±8,557 SF) | Basement (±20,348 SF)
  • Frontage: ±365’ on East Avenue | ±362’ on 2nd Street | ±274’ on 3rd Street
  • Power: High Power 3-Phase, 3,000 AMPS, 480 V and Back-up CAT Generator
  • 2 Docks | 1 drive-in door | 8 box truck doors
  • Income opportunity for sales leaseback – current tenant desires for long-term lease of ±28,000 SF of office space
  • Parking: 93+ spaces

OVERVIEW

This ±79,851 SF downtown Elyria property offers a unique opportunity to acquire a versatile and well-maintained facility ideal for warehouse, or light manufacturing use with office. Situated on ±2.64 acres with over 93 parking spaces, it features a functional blend of executive offices, conference rooms, break areas, and warehouse space with 18’ - 23’ ceiling heights, 2 loading docks, a drive-in door and eight box-truck doors. Designed for flexibility, the building’s multiple lobbies, kitchenettes, and ADA-compliant restrooms accommodate single or multi-tenant use, with additional office space on the second floor and more than 20,000 SF of basement storage, including a freight elevator. The current occupant, The Chronicle / Lorain County Printing and Publishing, is interested in leasing back approximately 28,000 SF of office offering investors immediate income potential and long-term stability. Please see pages to follow for additional details about Major Mechanicals, the neighboring Redevelopment Project, and Business Incentive Programs.

FOR SALE DETAILS

PRICE

$4,495,000 USD

PRICE/SF

$261 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Chronicle Telegram

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

undefined, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1951

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.5

LAND SF

21,780

ZONING

BD

APN/PARCEL ID

06-26-054-000-018,06-26-060-000-016,06-26-060-000-017

ASK ABOUT THIS PROPERTY

Morgan FaunceGerspacher Real Estate GroupMore Info
330-722-5002

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Morgan FaunceGerspacher Real Estate GroupMore Info
330-722-5002

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.