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Property Description

Welcome to this exceptional mixed-use commercial property, perfectly positioned to offer both residential and commercial opportunities. This versatile asset features two storefronts, four residential units, and a fully rentable garage, making it an ideal investment for those seeking a lucrative real estate venture. 2 Prime Storefronts: Ideal for retail or office space, the storefronts boast high visibility and foot traffic, offering a fantastic opportunity for local businesses to thrive. Currently rented ($400) and ($250) on month to month leases. 4 Residential Units: 3 vacant and 1 rented at ($600)Well-maintained and thoughtfully designed, these residential units provide comfortable living spaces. Each unit is spacious and the break down included 2 (2 bedroom units) and 2 (1 bedroom units) Also included is the Rentable Garage: A valuable addition to the property, the garage can be fully rented out, providing additional income streams. Perfect for tenants needing secure storage or parking. Residents will appreciate the convenience of on-site laundry facilities, adding value to the residential units and enhancing tenant satisfaction. This property includes dedicated parking spaces, ensuring easy access for both residents and customers visiting the storefronts. This property is situated in a vibrant neighborhood, this property benefits from excellent accessibility and is surrounded by a diverse mix of shops, restaurants, and community services. The area is well-connected, making it a desirable location for both commercial tenants and residents. Investment Opportunity: With the combination of commercial and residential spaces, this mixed-use property offers a unique investment opportunity. Whether you are looking to expand your portfolio or start your first venture, this property delivers a solid return on investment with multiple income sources.Don’t miss out on this rare find! Contact us today to learn more about this exceptional property and schedule a viewing.

Features
: Gas, Electric
: Central Air, Ceiling Fan(s)
: Unassigned, On Site, Additional Parking, Common
: Storage
: Septic Tank
8
Address Map
OH
Lorain
Elyria
44035
Lake
7333
Avenue
W83° 52' 11.6''
N41° 23' 31.4''
57 to Lake Ave
Property Details
Lokal Real Estate, LLC.
Kayla Carosella
Commonbasement
3,657 Sqft
2019003710
9571
06-24-036-106-012
3
1
: Public
2023
: Cash, Conventional
18/11/2024 18:04:30
No
No
No
No
6

7333 Lake Avenue, Elyria, Ohio 44035

Commercial Sale For Sale

0.15 Acre
$349,900
Listing ID #5084021
Basic Details
Property Type : Commercial Sale
Property Sub Type : Apartment
Levels : Three Or More
Listing Type : For Sale
Listing ID : 5084021
Price : $349,900
Year Built : 1953
Lot Area : 0.15 Acre
Status : Active
Subdivision Location : West/Black River & Bounded A
Current Use : Mixed Use,see Remarks
Agent info
Berkshire Hathaway HomeServices Professional Realty
7466 Auburn Road Suite A, Concord, Ohio 44077
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