112 4th St - Storefront FOR SALE


Elyria, OH 44035
$658,000 USD
330-722-5002
112 4th St, Elyria, OH for Sale
$658,000 USD
Storefront - FOR SALE
1/6
null | Request Cap Rate

NEW


112 4th St
Elyria, OH 44035


OVERVIEW

For sale is a retail plaza that includes an iconic bakery known for its homemade treats. The property consists of a retail plaza with 4 units (totaling 3,423 SF) and a single-family home (1,637 SF) that can generate additional rental income. The bakery has a strong reputation and is currently open 5 days a week, closing at 2 PM. There is a significant opportunity to increase income by expanding the product range and operating hours. The property has undergone extensive renovations between 2017 and 2023, including new roofs, electrical and plumbing upgrades, separate metering for each unit, new HVAC, carpet, paint, and updated kitchen equipment. The additional units within the retail plaza are 520 SF, 620 SF, and 1,048 SF, each with a private restroom, illuminated signage on the building, and a monument sign at the street. The single-family home has 3 bedrooms and 3 restrooms and is currently occupied. Located at the corner of 4th Street and E. River Street, the property sits at a traffic-light intersection. It is zoned as B-N, Business Neighborhood. This is an incredible opportunity to own an updated retail plaza and single-family home.

FOR SALE DETAILS

PRICE

$658,000 USD

PRICE/SF

$439 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Expresso Bakery - Business & Real Estate

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

-

APN/PARCEL ID

06-25-098-102-005,06-25-098-102-012,06-25-098-102-014,06-25-098-102-015

ASK ABOUT THIS PROPERTY

Morgan FaunceGerspacher Real Estate GroupMore Info
330-722-5002

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Morgan FaunceGerspacher Real Estate GroupMore Info
330-722-5002

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