Address
381 Cline Avenue, Mansfield, OH
Price
$ 350,000
Property Attributes
- MLS#223002474
- TypeCommercial
- CountyRICHLAND
- CityMansfield
- AreaMansfield
- Zip44907
- StyleCom
- Year Built1987
- Taxes$ 5657
- Price$ 350,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage2123
- Lot Size7,841 SqFt
Data Source:
Columbus REALTORS®
Property Description
**Please be discreet and do not disturb the ongoing business or employees** This is a fantastic opportunity for an I.R.S Section 1031 Like-Kind Exchange replacement property. The property is currently leased through the end of 2025 with two 2-year options, to Gentle Foot Care, LLC. The current base rent is $2,750 per month plus $733.59 per month in Taxes and Insurance. Net operating income is $33,000 offering a 9.4 cap rate. Beginning year 3 the lease contains 2% annual increases. Lease originated 01/01/2021 through 12/31/2025. Can be sold as a package with the 3255 E. Livingston location ($825,000). Strong tenant with over 13 locations in the State of Ohio. The parking lot will be resurfaced before the sale of this location.
| Price History | |
|---|---|
| 1/31/2023 | Listed $350,000 |
General Features
| Status | Active |
|---|---|
| Year Built | 1987 |
| County | Richland |
| Township | Mansfield |
| Type | Other Com |
| Property Type | E |
| For Lease | No |
| Tax Year | 2021 |
| Tax District | 027 |
| Days on Market | 386 |
| City | Mansfield |
| Street Name | Cline |
| Building Sq Ft | 2123.00 |
| Taxes (Yrly) | 5657.00 |
| Listing Member Name | Cole Griesinger |
Interior Features
| Street Suffix | Avenue |
|---|---|
| List Price/SqFt | 164.86 |
Exterior Features
| # of Drive-In Doors | 0.00 |
|---|---|
| Total Parking | 15.00 |
| # of Docks | 0.00 |
| Acreage | 0.18 |
| Lot Size (Front) | 78.98 |
| Lot Size (Side) | 100 |
| Minimum Sqft Avail | 2123.00 |
| Total SqFt Available | 2123.00 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 44907
Price
Taxes
Visits
Year Built
Walkscore
Columbus REALTOR® and Central Ohio Regional Multiple Listing Service, Inc .All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective
