1720 North Ridge Rd - Retail FOR SALE


Findlay, OH 45840
$680,000 USD
419-434-9000
1720 North Ridge Rd, Findlay, OH for Sale
$680,000 USD
Retail - FOR SALE
1/56
null | 7.41% Cap Rate

NEW


1720 North Ridge Rd
Findlay, OH 45840


HIGHLIGHTS

  • Located off I-75
  • ~$500,000 in leasehold improvements
  • Ample parking to support larger events

OVERVIEW

Coldwell Banker Flag City represents a sale-leaseback opportunity situated just off of I-75 in Findlay, OH. The 6,760 SF facility is occupied by two businesses, divided between the two units in the single building. The hair salon occupies 3,100 square feet of the building and is under lease until late 2026, which does NOT include property taxes, insurance, and maintenance. With the hair salon lease expiring soon, this provides an opportunity to generate more income by securing a new tenant at current market rates that would increase rental and net operating income. The winery occupies 3,660 square feet of the building and would lease back with a 5-year term with options after the property conveys. The winery has invested ~$500,000 in leasehold improvements in recent years and is included in the sale of the real estate. Neither the hair salon or winery business is included in the sale of real estate. However, the winery business could be acquired for an additional cost. More details including financials, equipment, and inventory can be provided to a prospective buyer upon signing a non-disclosure agreement.

FOR SALE DETAILS

PRICE

$680,000 USD

PRICE/SF

$101 USD /SF

CAP RATE

7.41%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Gillig Winery & Hair Salon

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

1.02 AC

LAND SF

44,431 SF

ZONING

Commercial

APN/PARCEL ID

28-0000065941,280000065941

ASK ABOUT THIS PROPERTY

Jake WhittaColdwell Banker Flag CityMore Info
419-434-9000

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Jake WhittaColdwell Banker Flag CityMore Info
419-434-9000

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