Non-Industrial Redevelopment Opportunity — 123 N. Gateway Blvd, Elyria, OH

Investment Overview

123 N. Gateway Blvd is a ±35,088 SF, two-building assemblage on 8 contiguous parcels in Elyria, Ohio, with rare three-street frontage along N. Gateway Blvd, West River Rd N, and Fremont St. Production at the property has ceased, and the City of Elyria's Corridor District zoning (Section 1119.10) does not permit the prior industrial/warehouse use to continue. The site is being marketed exclusively as a redevelopment opportunity for a non-industrial use, such as multifamily or mixed-use. Offered at $1,700,000.

Investment Highlights

• ±35,088 SF, two-building assemblage on 8 contiguous parcels
• Rare three-street frontage — N. Gateway Blvd, West River Rd N, and Fremont St
• Zoned Corridor District; positioned for redevelopment to a non-industrial use
• Prior industrial/warehouse use has been discontinued and is not permitted to continue
• Located on Elyria's Black River corridor, near downtown Elyria
• Suited to a multifamily, mixed-use, or other redevelopment buyer