130 E Herrick Ave - Service Station FOR SALE


Wellington, OH 44090
$320,000 USD
330-722-5002
130 E Herrick Ave, Wellington, OH for Sale
$320,000 USD
Service Station - FOR SALE
1/5
null | 7.5% Cap Rate

130 E Herrick Ave
Wellington, OH 44090


HIGHLIGHTS

  • Located at 130 E Herrick Avenue in downtown Wellington, OH, this property enjoys prime visibility and foot traffic in the heart of the village.
  • Situated just 8.3 miles south of Oberlin.

OVERVIEW

130 East Herrick Avenue is an AGENT OWNED prime, income-generating opportunity in the heart of downtown Wellington, OH. The current lease extends through January 2029, with three additional five-year renewal options, ensuring stable long-term cash flow. Scheduled rent increases occur every five years, while NAPA covers property taxes and insurance. The landlord is responsible only for structural and site maintenance, offering a low-management investment structure. Recent capital improvements include a new roof and electrical panel (2025) and an ADA-compliant restroom (2024). Located in a highly visible downtown corridor, this asset combines strong tenant credit with an attractive 7.5% CAP rate, making it an excellent addition to any diversified investment portfolio.

FOR SALE DETAILS

PRICE

$320,000 USD

PRICE/SF

$99 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,357 SF

ZONING

-

APN/PARCEL ID

18-00-022-101-052

ASK ABOUT THIS PROPERTY

Cody SinclairGerspacher Real Estate GroupMore Info
330-722-5002

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Cody SinclairGerspacher Real Estate GroupMore Info
330-722-5002

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