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27105 Lorain Road

North Olmsted, OH 44070
  • $685,000
  • STATUS: Active
  • ON SITE: 50 Days
  • MLS #: 5040298
$685,000
  • 0
    BEDS
  • 0.27
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1960
County:

School Ratings & Info

School District:
Listing courtesy of Keller Williams Greater Metropolitan.
Listing information © 2024 YES-MLS.

Description

Great investment opportunity with a NNN tenant in place with a month-to-month lease payment of $4,500. This tenant, Jesri Stone LTD, is a granite countertops installation company providing other natural stone fabrications. They have been a great tenant for the past 15 years and the owner decided to have them continue on a month-to-month basis to provide the new owner with maximum flexibility. Opportunities include continuing to lease mtm, raising the rent and entering into a long term lease, or converting the property to an owner occupant situation. Also, the property can be improved and converted for many other uses. For example, it had previously been an auto repair garage.

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Listing information © 2024 YES-MLS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than Kennen & Kennen Realtors are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2024-07-12T00:09:13.753.
www.kennenrealtors.com/homes/150793823
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27105 Lorain Road North Olmsted, OH 44070

  • Price: $685,000
  • Status: Active
  • On Site: 50 Days
  • MLS #: 5040298
0
Beds
0
Baths
0
½ Baths
0.27
Acres
1960
Built
Neighborhood:
Butternut Heights
County:
Cuyahoga
Area:
North Olmsted
School District:
North Olmsted Csd - 1820
Property Description
Great investment opportunity with a NNN tenant in place with a month-to-month lease payment of $4,500. This tenant, Jesri Stone LTD, is a granite countertops installation company providing other natural stone fabrications. They have been a great tenant for the past 15 years and the owner decided to have them continue on a month-to-month basis to provide the new owner with maximum flexibility. Opportunities include continuing to lease mtm, raising the rent and entering into a long term lease, or converting the property to an owner occupant situation. Also, the property can be improved and converted for many other uses. For example, it had previously been an auto repair garage.
Exterior Features

Attached Garage YN Yes Garage YN Yes Parking Features Additional Parking Attached Direct Access Garage Parking Total 14 Waterfront YN No

Interior Features

Basement YN Yes Building Area Total 5344 Heating Forced Air Heating YN Yes Main Level Bathrooms 0

Property Features

Current Use Commercial Industrial Warehouse Elementary School District North Olmsted CSD - 1820 Middle Or Junior School District North Olmsted CSD - 1820 Net Operating Income 54000 Property Sub Type Warehouse Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 9568 Township Olmsted Twp Water Source Public

Listing information © 2024 YES-MLS.
Listing provided courtesy of Keller Williams Greater Metropolitan: 216-839-5500.
Listing information © 2024 YES-MLS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than Kennen & Kennen Realtors are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2024-07-12T00:09:13.753.
 
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Kennen & Kennen Realtors
2241 Chapline St.
Wheeling WV, 26003
Listing courtesy of Keller Williams Greater Metropolitan.
Listing information © 2024 YES-MLS.