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3 Beds ⋅ 2 Baths ⋅ 5217033 MLS

693 Hollywood Avenue, Sheffield

48 fully renovated units in Sheffield Lake, two buildings side by side, 100% occupied, priced at $3,975,000. That is $82,813 a door. In an operator's hands this stabilizes to a 7.4% cap on about $294,000 of NOI, with a clear path higher as rents reach market. The building is 100% occupied with a waitlist of tenants trying to get in, and rents sit about $130 a door under market. You do not need a renovation or a repositioning to hit pro forma. Re-rent at market on natural turnover and the income climbs on its own, up to about $368,000 in NOI, a 9.26% cap. All 48 units are done, shaker cabinets, granite, stainless, updated flooring, the whole nine yards. No gut job waiting for you. The buildings went up in 1972 and show well across 33,400 square feet. Tenants pay their own electric. Ownership covers heat, water and sewer, and trash, which is exactly where a sharp manager finds margin. On-site laundry and other income add about $35,000 a year on top of rent. The Ford Ohio Assembly Plant sits partly inside the town's own borders, and Ford is partway through a $1.5 billion expansion there set to add 1,800 jobs. Add a lakefront setting on Lake Erie about 17 miles west of downtown Cleveland, same shoreline as Avon Lake, and you have durable tenant demand parked next door. That is why these buildings stay full with a line out the door. Clean, easy buildings to run at a basis that does not come around often. Reach out and I will get you the full financials and rent roll.

48 fully renovated units in Sheffield Lake, two buildings side by side, 100% occupied, priced at $3,975,000. That is $82,813 a door. In an operator's hands this stabilizes to a 7.4% cap on about $294,000 of NOI, with a clear path higher as rents reach market. The building is 100% occupied with a waitlist of tenants trying to get in, and rents sit about $130 a door under market. You do not need a renovation or a repositioning to hit pro forma. Re-rent at market on natural turnover and the income climbs on its own, up to about $368,000 in NOI, a 9.26% cap. All 48 units are done, shaker cabinets, granite, stainless, updated flooring, the whole nine yards. No gut job waiting for you. The buildings went up in 1972 and show well across 33,400 square feet. Tenants pay their own electric. Ownership covers heat, water and sewer, and trash, which is exactly where a sharp manager finds margin. On-site laundry and other income add about $35,000 a year on top of rent. The Ford Ohio Assembly Plant sits partly inside the town's own borders, and Ford is partway through a $1.5 billion expansion there set to add 1,800 jobs. Add a lakefront setting on Lake Erie about 17 miles west of downtown Cleveland, same shoreline as Avon Lake, and you have durable tenant demand parked next door. That is why these buildings stay full with a line out the door. Clean, easy buildings to run at a basis that does not come around often. Reach out and I will get you the full financials and rent roll.

5216 E Lake Road, Sheffield

Unlock the potential of this 9.5-acre vacant piece of land ideally situated in a high-traffic retail corridor in Sheffield Township. Zoned Shopping Center District (S-C) which also accommodates the General Business District (GB-1), this flat, wooded property offers a strategic location for a wide range of commercial development projects. Featuring 664' of frontage on O'Neill Blvd, the site sits directly across from established national and regional retailers including Apples Market, Marc’s, and Dollar General, ensuring high visibility and steady customer traffic. All major utilities are available at the street, including public water, public sewer, electric, and natural gas, making for a streamlined development process. This is a rare opportunity to acquire a substantial, development-ready parcel in one of Lorain County’s growing commercial hubs. Ideal for retail centers, grocery-anchored developments, medical complexes, or mixed-use commercial ventures.

Unlock the potential of this 9.5-acre vacant piece of land ideally situated in a high-traffic retail corridor in Sheffield Township. Zoned Shopping Center District (S-C) which also accommodates the General Business District (GB-1), this flat, wooded property offers a strategic location for a wide range of commercial development projects. Featuring 664' of frontage on O'Neill Blvd, the site sits directly across from established national and regional retailers including Apples Market, Marc’s, and Dollar General, ensuring high visibility and steady customer traffic. All major utilities are available at the street, including public water, public sewer, electric, and natural gas, making for a streamlined development process. This is a rare opportunity to acquire a substantial, development-ready parcel in one of Lorain County’s growing commercial hubs. Ideal for retail centers, grocery-anchored developments, medical complexes, or mixed-use commercial ventures.

V/L O'Neill Boulevard, Sheffield

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