124 Middle Ave - Tokar Tower 2,000 SF Office Condo Unit Offered at $60,000 in Elyria, OH 44035
INVESTMENT HIGHLIGHTS
- Three separate office condominiums 2,000 - 6,400 sf available (divisible by floor)
EXECUTIVE SUMMARY
As the tallest building in Lorain County, Tokar Tower is a ten story office condominium building. Located in the heart of downtown Elyria, the tower is adjacent to Ely Square and within walking distance to Elyria City Hall, Lorain County Justice Center, Lorain County Clerk of Courts and the Municipal Courthouse and various dining and retail amenities. The current tenant mix includes attorneys, accountants, banking and other professional services firms. The opportunity presented consists of Floors 3 and 8 which are available for purchase, ranging from 2,000 – 6,400 sf of office space. The floors can be packaged together or purchased individually by floor and are ideal for an owner/occupier with investment potential.
PROPERTY FACTS
| Price | $60,000 |
| Unit Size | 2,000 SF |
| No. Units | 1 |
| Total Building Size | 59,400 SF |
| Property Type | Office (Condo) |
| Sale Type | Investment |
| Building Class | B |
| Floors | 10 |
| Typical Floor Size | 2,985 SF |
| Year Built | 1900 |
| Lot Size | 1.21 AC |
| Parking Ratio | 0.5/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | B-D - Business Downtown District |
AMENITIES
- Banking
1 UNIT AVAILABLE
Unit 1
| Unit Size | 2,000 SF |
| Price | $60,000 |
| Price Per SF | $30.00 |
| Condo Use | Office |
| Sale Type | Investment |
DESCRIPTION
3 private offices, coffee bar, conference room, large reception/ workstation area
SALE NOTES
Potential short term income revenue in place
