Attention investors! This unique property offers a prime opportunity in Elyria with easy access to downtown, bordering both residential and industrial areas. Spanning 0.65 acres across five contiguous lots, it includes a profitable 4-bay, self-service carwash, plus two single-family homes. The first home is a well-maintained 1,300 sqft residence with a 2-car garage, while the second home requires a complete renovation or rebuild, providing a great value-add opportunity. Zoned as Business Neighborhood, these legacy single-family homes can continue as residential properties or potentially be converted for commercial use. If that wasn’t enough, there is a contiguous .22 acre, single family property that is also available and listed separately. With a strategic location and multiple income streams from rental potential and the carwash, this property is a versatile investment ready for a creative buyer. Don’t miss the chance to own this multi-use opportunity!
MLS# | 5087134 |
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Listing Type | For Sale |
Style | Mixed Use |
Sub-Type | Resale |
Status | Active |
Year | 1900 |
Days On Site | 113 |
Listing Provided By | Russell Real Estate Services | Robert Bergmann |
Zoning | See Remarks |
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Acreage | 0.65 |
State | OH |
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County | Lorain |
City | Elyria |
Zip Code | 44035 |
Listing VS Median (In 44035) | |
Price: $450,000 low | high Med: $215,000 On site: 113 low | high Med: 50.000000 |