6285 S Main Rd - Retail FOR SALE


North Kingsville, OH 44068
$1,025,000 USD
248-444-6861
6285 S Main Rd, North Kingsville, OH for Sale
$1,025,000 USD
Retail - FOR SALE
1/6
null | 7.75% Cap Rate

6285 S Main Rd
North Kingsville, OH 44068


HIGHLIGHTS

  • Dollar General & Orlando’s Supermarket value-add plaza - 100% occupied.
  • Upside through building expansion and negotiating new option terms.
  • Orlando’s and Dollar General did an interior remodel in 2023/2024 following a fire.

OVERVIEW

Dollar General & Orlando’s Supermarket value-add plaza - 100% occupied. Upside through building expansion and negotiating new option terms. Orlando’s and Dollar General did an interior remodel in 2023/2024 following a fire. Priced below $53 per square foot No option term remaining for both tenants, ending 2032 (OS) and 2030 (DG). New roof overlay - 2024, exterior painting and building improvements in 2023. Located in Northeast Ohio – Ashtabula County – Cleveland MSA (Pop. 1.1M).Adjacent to US Bank – separate owner – zero lot line 1.4 miles from I-90 and SR 193 (S. Main St.) interchange.

FOR SALE DETAILS

PRICE

$1,025,000 USD

PRICE/SF

$49 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

6.45 AC

LAND SF

280,962 SF

ZONING

C-2

APN/PARCEL ID

280270008800

ASK ABOUT THIS PROPERTY

John NuzmanMarcus & MillichapMore Info
248-444-6861

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John NuzmanMarcus & MillichapMore Info
248-444-6861

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