Elyria OH 44035- 8730 sq ft lot in a great Location
141 Lake Avenue Elyria, OH 44035
FOR SALE: COMMERCIAL LOT FOR A LOW PRICE IN A POPULAR LOCATION
Lot in 2 parcels.
Lot 0624158000036 : 5,730 sq ft
Lot 0624158000037 : 3,000 sq ft
Total : 8,730 sq ft (0.2 acres)
Lots of potential and possibilities here!
Located on a major busy road with great visibility
Plenty of room for parking.
Lot suitable for commercial use or residential (subject to zoning).
Great Location
The property is located in a popular area with great visibility less than 1/2 mile from Downtown Elyria. The road itself is one of the major roads in Elyria and has lots of retailers. The location is ideal for retail, restaurant or similar uses. It is conveniently located close to local facilities and amenities.
Downtown Elyria: 0.5 miles
Midway Mall: 2.1 miles
Restaurants and Coffees
McDonald's (.04mi),525 Broad St (.04mi),LeafBean (.05mi),Taco Bell (.1mi),Cascade Café (.2mi),Donna'sDiner (.2mi),Hanini Subs (.2mi),J&Js Hole In The wall (.2mi),Golden Ginger (.4mi),Little Caesars Pizza (.4mi),Mr Hero (.4mi),GyroHouse (.5mi),Subway (.5mi),GetGo Gas Station (.6mi),Derby Sweepstakes, LLC (2.4mi),Dunkin' Donuts (3.6mi),Starbucks (3.6mi),
Bars
Bugsy's Speakeasy (.2mi),Basil's Lounge- .5mi),Chris's Place (1.1mi),Little Brown Jug (1.1mi),Mighty Quinns (1.1mi),Backstreet Grill and Pub LLC (1.9mi),The Brass Pole Cabaret (2.1mi ),Crissy's Lounge (2.3mi),The Pub (2.6mi),
Groceries
Shop Way (.3mi),Save-A-Lot (.8mi),S & M Market -1.1mi),Dale's Market & Deli (1.2mi),All Ohio Produce Inc (1.4mi),Giant Eagle (1.5mi),Big Lots (1.7mi),Aldi (1.7mi),
Parks
Ely Park (.1mi),Washington Avenue Historic District (.5mi),Cascade Park (.6mi),Elywood Park (.6mi),Elyria South Park (1.3mi),West Recreation Field (1.5mi),Ely Stadium (1.6mi),Black River State Reservation (2.6mi),
Schools
St Mary Elementary School (.3mi),Elyria High School (.5mi),McKinley Elementary School (.6mi),Franklin Elementary School (.8mi),Ely Elementary School (.9mi),Eastern Heights Junior High School (.9mi),Northwood Junior High School (1.2mi),Prospect Elementary School (1.4mi),Oakwood Elementary School (1.4mi),St Jude School (1.5mi),Elyria Community School (1.8mi),Elyria Christian Academy (2mi),Life Skills Center of Elyria (2.2mi),Windsor Elementary School (2.5mi),Westwood Junior High School (2.5mi),Open Door Christian Schools-add S (2.7mi),Crestwood Elementary School (2.8mi),First Baptist Christian School (3.2mi),St Vincent de Paul School (3.4mi),Vincent Elementary School -3.5mi),Lake Ridge Academy (3.7mi),Helen Steiner Rice Elementary School (4.2mi),
Shopping & Entertainment
Mystical Moon (.1mi),Hickories Museum (.4mi),TheCrystal Era (.5mi),yvonnelsgifts.com (.5mi),Convenient Food Mart (.5mi),Family Dollar #5155 (.7mi),Family Dollar Stores (.7mi),Broad Street Beverage (.9mi),Target (1.3mi),Atlas Cinemas (1.6mi),Regal Cinemas CobblestoneSquare 20 (3.7mi),North Ridgeville Fire Museum (4.8mi),
Demographics (within 3 miles):
Total Population Adult: 44,525
Total Population Adult (Daytime): 71,804
Total Population: 429,207
% White alone: 79.24%
% Black or African American : 14.08%
Average Household Income: $54,394
THIS IS A UNIQUE OPPORTUNITY FOR THE SAVVY BUSINESS OWNER, DEVELOPER OR INVESTOR TO OWN A POTENTIALLY HIGH INCOME PROPERTY AT A DISCOUNTED PRICE IN A GREAT LOCATION.
Great investment opportunity:
Comparables los are selling for a lot more:
$234,000- SOLD 11/13/2015- 26 Windbrook Court, Elyria, OH 44035- 0.11 Acres -Lot
$150,000- SOLD 01/29/2016 - 116 Pinewood Drive, Elyria, OH 44035 - 0.01 Acres -Lot
$145,000- SOLD 03/21/2016 - 1040 Gulf Road, Elyria, OH 44035 - 0.26 Acres -Lot
$141,900- SOLD 03/24/2015- 1428 Gulf Road, Elyria, OH 44035 - 0.03 Acres -Lot
$139,900-SOLD 05/12/2015 -299 Pasadena Avenue, Elyria, OH 44035 - 0.05 Acres -Lot
$135,000- SOLD 04/16/2015145 Notre Dame Circle, Elyria, OH 44035 - 0.11 Acres -Lot -
$129,000- sold 06/12/2015 -41639 Elmwood Street, Elyria, OH 44035 - 0.07 Acres -Land
$127,900- SOLD 02/19/2015- 41645 Elmwood Street, Elyria, OH 44035 - 0.07 Acres -Lot
$108,000- SOLD 05/15/2015 -30 Sandy Lane, Elyria, OH 44035 - 0.04 Acres -Lot
$88,000- SOLD 09/01/2015 -41877 Emerson Court, Elyria, OH 44035 - 0.18 Acres -Lot
$86,800- SOLD 02/20/2015 -111 Columbia Avenue, Elyria, OH 44035 - 0.06 Acres -Lot
$86,000- SOLD 04/16/2015 -41584 Rosewood Street, Elyria, OH 44035 - 0.08 Acres - Lot
Real estate Taxes:
Lorain County Parcel ID#:
0624158000036 - Yearly tax: $1,852.16
0624158000037 - Yearly tax: $66.38
Taxes are paid up to 2014 1st Install
PROPERTY IS SOLD AS IS, WHERE IS-
Buyer assumes Real Estate Taxes, liens and encumbrances.
Winning bidder must contact the seller within 24 Hours after the close of the auction with full details of the buyer.
Buyer will also be responsible for $500 deed prep and doc fee as well as 8 % premium.
10% non-refundable deposit (minimum $1,000), auction premium and $500 deed preparation and doc fee are due within 48 hours of auction close.
Final Payment to be made within 1 week of the Auction close.
All bidders to do their due diligence. No statement anywhere, whether express or implied, shall be deemed a warranty or representation by the Seller regarding these assets. The is a $9k demolition lien from the city for demolition of an old structure that was built on the property. Property is sold on a Quit Claim deed. The Buyer is bound by the terms of this auction and the attached purchase agreement (attached under 'Due Diligence'). Buyer assumes real estate taxes, tax redemptions, liens and encumbrances . Buyer to check zoning according to their proposed use. All buyers are deemed to have relied entirely on their own information, judgments and inspections of the property in making the decision to purchase the property.
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