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124 Middle Ave - Tokar Tower 2,000 SF Office Condo Unit Offered at $82,498 CAD 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.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment |
| Sale Type | Investment |
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 1 | 2,000 SF | Office | $82,498 CAD ($41.25 CAD/SF) | - |
Unit 1
| Unit Size |
| 2,000 SF |
| Condo Use |
| Office |
| Price |
| $82,498 CAD ($41.25 CAD/SF) |
| NOI |
| - |
Unit 1
| Unit Size | 2,000 SF |
| Condo Use | Office |
| Price | $82,498 CAD ($41.25 CAD/SF) |
| NOI | - |
| Sale Type | Investment |
| Description | |
| 3 private offices, coffee bar, conference room, large reception/ workstation area</li></ul> | |
| Sale Notes | |
| Potential short term income revenue in place</li></ul> |
Property Facts
| Total Building Size | 59,400 SF | Year Built | 1900 |
| Property Type | Office (Condo) | Lot Size | 1.21 AC |
| Building Class | B | Parking Ratio | 0.5/1,000 SF |
| Floors | 10 | Opportunity Zone |
Yes
|
| Typical Floor Size | 2,985 SF | ||
| Zoning | B-D - Business Downtown District | ||
| Total Building Size | 59,400 SF |
| Property Type | Office (Condo) |
| 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
Presented by
124 Middle Ave - Tokar Tower
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