Investment Property Active
For Sale Retail

320 Washington Avenue

320 Washington Avenue, Elyria, OH 44035 United States
Investment Property Active
For Sale Retail

320 Washington Avenue

320 Washington Avenue, Elyria, OH 44035 United States
Building Size
32,422 SF
Lot Size
1.95 Acres
Construction Status
Existing
Building Size
32,422 SF
Lot Size
1.95 Acres
Construction Status
Existing

OVERVIEW

Single-Tenant School: 100% leased to Spectrum Growth, Inc., a specialty school for students with autism. Long-Term Lease: Runs through 2034 to a proven operator. Property was purchased and renovated for their specific use. Stable Income: $280,000 NOI, offered at $2.9M (~9.5% cap). Low-Maintenance Ownership: Tenant pays utilities, minor repairs, taxes and insurance. Renovated 2024: Full buildout completed, with no near-term capital spending expected Recession-Resistant. Demand: Autism diagnoses are rising, and Ohio scholarships pay up to $34,000 per student. Prime Location: Lorain County seat, with direct access to I-90, the Ohio Turnpike and SR-57.

CONTACT

Details

Building Size:
32,422 SF
Sale Price:
$2,900,000 USD
Lot Size:
1.95 Acres
Construction Status:
Existing

CONTACT

320 Washington Avenue

LOCATION

With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on  Cookies

More Options
Agree and Close
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Cookie preferences
Agree All
Reject All
SAVE SETTINGS
Essential
Non Essential
Marketing