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

This single-tenant school is 100% leased through 2034 to Spectrum Growth, Inc., a proven operator and specialty school for students with autism. Offered at $2.9 million with an NOI of $280,000 (~9.66% cap rate), the property provides stable income and low-maintenance ownership, as the tenant pays for utilities, minor repairs, taxes, and insurance. The property was purchased and renovated for their specific use, with a full buildout completed in 2024 and no near-term capital spending expected. Demand is recession-resistant, driven by rising autism diagnoses and Ohio scholarships providing up to $34,000 per student. Additionally, the asset is situated in a prime location in the Lorain County seat, offering 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

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