AVAILABLE FOR SALE 11.53 ACRES-BEECHWOOD DRIVE ELYRIA, OHIO Logos Realty Company 445 Griswold Road Elyria, OH 44035 Call Bob Graham at: 440-324-3550 Logosrealtyco2@windstream.net
LAND SITE AVAILABLE BEECHWOOD DRIVE, ELYRIA, OH 44035 Size: 11.53 acres, fronting on Beechwood Drive immediately west of SR 57/ Beechwood/Lorain Blvd. signalized interchange. Location: * General confluence of major highways from five (5) directions. Entrance: Traffic Count: Regional confluence of: 1. I-90 to/from Cleveland northeast, 2. SR 57 JFK expressway to/from Lorain (& 2 Steel Plants) - north, 3. SR 2 freeway to/from Sandusky northwest, 4. I-80 (Ohio Turnpike Exit 142) to/from SR 10, (I-480 Extension) See attached turnpike/freeway map. First interchange north of I-90. 4-way interchange with traffic lights. Next to the exclusive entrance to Midway Industrial Park (MIP) home to 21 companies. Ideal and strategic center of Lorain County s A) population (300,000+), industry and B) highway system. Part of Cleveland MSA (2,000,000). Near the additional.75 acres available adjoining site fronting on SR 57 and Beechwood Drive. Entrance is 206 feet west of SR 57 intersection turning off SR 57 from turn lane to the site on Beechwood Drive. The 11.53 acre site also has 2 entrances from Beechwood Drive with combined 304.9 feet of Frontage on Beechwood Dr. On I-90 49,110 vpd and on SR 57 17,300 vpd (2014). 66,410 vpd total. Zoning: Utilities: East part of the 11.53 acres (5.72+ acres) is B-G Business General permits hotel/ motel, restaurants, warehouse, nursing homes, retail, etc. West 5.10 acres of the site is L-1 Light Industrial including warehousing, light Manufacturing, R & D, truck repair, parking, filling stations, and general business. Total site is 11.53+ acres net of street ROW. All utilities are available complete with taps. City water (12 in street), 8 City Sanitary at the corner (261 + away), gas (Columbia Gas), power (First energy fka Ohio Edison) and storm water by ditch on edge of property. Telephone is by Windstream which has DSL and fiber available.
Environmental: Wetland: Easements: Purchase: Lease/Purchase: Ground Lease: Term: Previous use of the site was agricultural and subsequently only part of the site had a subsequent use of a one season bicycle track. A 2-family house was removed, along with a former bicyle (BMX) track. No known environmental issues. Site is not a wetland since wetlands must have hudric (wetland) soils. Site is FcA) Fitchville silt loam (0% - 2% slope) and (HAS) Haskins loam (0% - 2% slope) which are both non-hydric soils. A 25 drainage utility easement along the south edge of site. Never used and A 20 drainage easement also is generally along the south edge. See reduced Survey enclosed. 11.53 Acres priced at $750,000 or $65,000/acre. Buyer can do a straight forward land purchase with possible long-term, low-rate (tax exempt) Lorain County bonds. Bonds can sometimes include land, building, improvements, machinery, and equipment. Also a 90% SBA loan is also possible with acceptable credit. With acceptably strong financials and credit, Tenant can do a long-term (25 year) ground lease at $9,495 per month triple net. Advantages: 1. Avoids debt 2. Avoids a BIG rise in interest rates expected soon 3. Keeps real estate taxes low on land 25 years with a 10-year renewal. Unsubordinated.
New Gas Station Convenience Store
AVAILABLE FOR SALE 11.53 ACRES-BEECHWOOD DRIVE ELYRIA, OHIO Logos Realty Company 445 Griswold Road Elyria, OH 44035 Call Bob Graham at: 440-324-3550 Logosrealtyco2@windstream.net