120 N Main St - Loft/Creative Space FOR SALE


Englewood, OH 45322
$225,000 USD
937-339-2300
120 N Main St, Englewood, OH for Sale
$225,000 USD
Loft/Creative Space - FOR SALE
1/32
null | 10.03% Cap Rate

120 N Main St
Englewood, OH 45322


OVERVIEW

Landlord AND Tenant Improvements Galore! EASY Investment Opportunity Overview This outstanding investment opportunity features two well-maintained buildings available for purchase at a single competitive price. Both properties are currently occupied by reliable tenants who have taken excellent care of the premises. Recent Landlord Improvements The landlord has made several noteworthy enhancements to the front building to maintain its quality and appeal. The front apron and steps were recently replaced, providing a refreshed exterior and improved accessibility. In addition, a brand new hot water tank and duct system have been installed in the front building, ensuring reliable and efficient utilities for tenants. The landlord has also taken care to trim all trees on the property grounds as part of general and routine fall maintenance, further contributing to the property's well-kept appearance and safety. Recent Tenant Improvements Each building has undergone significant upgrades by the tenants, including fresh paint, new carpeting, updated signage, and modern fixtures. These improvements ensure the buildings are attractive, functional, and ready for continued occupancy. Financial Highlights • Gross Rental Income: $26,592 • Net Operating Income (NOI): $22,577 • Low and Manageable Expenses: Operating costs are minimal and easy to oversee. • Rent Escalation: Recent rent increases are in place, with further annual escalations expected. Key Advantages • Prime location offering strong appeal to tenants and investors. • Great price for two upgraded buildings. • Exceptional tenants already in place, ensuring stability and ease of management.

FOR SALE DETAILS

PRICE

$225,000 USD

PRICE/SF

$188 USD /SF

CAP RATE

10.03%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1951

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

Commercial B

APN/PARCEL ID

M57-00106-0014

ASK ABOUT THIS PROPERTY

Tammy LambertBruns Realty GroupMore Info
937-339-2300

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Tammy LambertBruns Realty GroupMore Info
937-339-2300

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.