Listed By
Agency Name: CENTURY 21 Lakeside Realty
Agency Contact: Dawn.Nicholas0101@gmail.com, 330-565-1085
Shown By
Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575
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Property Description
EXCELLENT INVESTMENT OPPORTUNITY. This building pays for itself with a lease from Mercy Health. The listing is for the BUILDING only not the business. The property sits back off Niles-Cortland Rd. (shown as Main St. on auditor's site) bordering Mineral Ridge and Austintown. The clinic features a three-sided brick building with a wood back left intentionally for future expansion of building and parking. Updates include roof (5 years), sidewalk repair, HWT 2019, HVAC 1 of the 2 units has been updated, 3/4 of parking lot resurfaced. Building contains 6 exam rooms, 3 restrooms, lobby and reception area, staff office space, doctor's private office, lab areas and kitchen. Current lease with Mercy transfers to new landlord. Mo. income is $13.52/sq ft (2400) through April 2026. May 2027 increases to $13.79/sq ft. (2400). Renew options increase per year. Contract information provided from Mercy's leasing agent and per contract. Expenses include water, electric, gas, internet and maintenance. Lease increases by 2% per year based on anniversary date of the intial contract. Lease has been in place since April 2019.
Property Features
Property Type: Commercial - Office
Cooling: Central Air
Days on Market: 140
Heating: Forced Air, Gas
Lot Size: 0.84 Acres
Roof Type: Asphalt
Taxes: $4,460 / year
Year Built: 1983
Feature Descriptions
Building Features: Private Restrooms, Public Restrooms, Reception Area
Parcel#: 49-044-0-023.00-0
Parking: Parking Lot
Sewer: Public Sewer
Water: Public
Local Schools
School District: Weathersfield Local
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1360 N Main Street | MLS# 5160455
This commercial property located at 1360 N Main Street, Mineral Ridge, OH 44440 is currently listed for sale with an asking price of $250,000. N Main Street is located within the Weathersfield Local school district. Search Mineral Ridge real estate on www.cutlercigroup.com today.