Three-Street Industrial Assemblage — 123 N. Gateway Blvd, Elyria, OH

Highlights:

• ±35,088 SF two-building industrial assemblage on 8 contiguous parcels
• 26,536 SF main masonry warehouse (built 1920) plus 8,552 SF secondary metal-frame warehouse
• Rare three-street frontage: N. Gateway Blvd, West River Rd N, and Fremont St
• Storage/warehouse use protected as a legal nonconforming use under City of Elyria zoning
• Long-term owner-occupied by ConSun Food Industries as a storage and distribution facility
• Cleveland industrial vacancy of 4.4%, among the tightest asset classes in the metro
• Ideal for a storage, distribution, or light-warehouse owner-user, or a value-add investor

Description:

123 N. Gateway Blvd is a ±35,088 SF, two-building industrial assemblage on 8 contiguous parcels with frontage on three public streets in Elyria, Ohio. Long owner-occupied by ConSun Food Industries as a storage and distribution facility, the property combines scale, multi-street access, and an in-place legal nonconforming use for a storage/warehouse operator.

The main building is a 26,536 SF masonry warehouse built in 1920, supplemented by an 8,552 SF secondary metal-frame warehouse, for ±35,088 SF of total covered storage on one assemblage. The site offers rare three-street frontage along N. Gateway Blvd, West River Rd N, and Fremont St, and sits within the City of Elyria's Corridor zoning district, where the property's existing storage/warehouse use is protected as a legal nonconforming use.

Offered at $1,750,000 ($49.87/SF), the property is well suited to a storage, distribution, or light-warehouse owner-user, or an investor seeking a value-add industrial asset in Cleveland's tight industrial market, where vacancy sits at 4.4%.

Off Lorain Blvd., with 3 street frontages and a front parking lot in Elyria.

Electric, Gas

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