1360 N Main Street Mineral Ridge, OH 44440
Commercial-Other
MLS #: 5160455
Listed By CENTURY 21 Lakeside Realty
Property InformationDescription
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.
Features
- Additional MLS: 5160455
- Age: 41-50 Years Old
- Building Area: 2400.00 SF
- Cooling: Central A/C
- Cross Docks: N
- Development ID: Village/Mineral Rdg
- For Auction: N
- Heating - Fuel Type: Gas
- Heating - Fuel Type: Other
- Lot Size In Text: 36721 Sq. Ft.
- MLSID: 5160455
- Parking Places: 0
- Price Upon Request: N
- Roof: Asphalt / Fiberglass
- Sewer: Public
- Style: Other Style
- Sublease: N
- Tax Year: 2024
- Taxes: $4460.00
- Year Built: 1983
