$725,000
$784,900
7.6%For more information regarding the value of a property, please contact us for a free consultation.
3.69 Acres Lot
SOLD DATE : 12/05/2024
Key Details
Sold Price $725,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 5055131
Sold Date 12/05/24
HOA Y/N No
Year Built 1991
Annual Tax Amount $7,319
Tax Year 2023
Lot Size 3.693 Acres
Acres 3.693
Property Sub-Type Retail
Property Description
Calling all investors! Don't miss this unique opportunity to purchase a 100% occupied 6 unit retail building with warehouse in Rootstown Ohio. This well positioned building located on S Prospect Street (SR 44) near the busy intersection of S. Prospect and Sandy Lake Rd. features 8,960 sq ft with 5 half bathrooms, 1 full bathroom, 4 large drive-in doors, walk-up attic space, large warehouse/shop, 3.69 acres, and ample parking.
Investment Highlights:
100% Occupied.
Good rental history and several long term tenants.
Opportunity to increase rental income.
Great Location and Visibility.
High traffic counts (approximately 10,000 + cars per day).
Zoned C-2/ General Commercial.
3.6930 Acres with Ample Parking (128 ft. x 60 ft. parking lot).
Units A & B have 8ft ceilings, and unit B has a kitchenette while units C, D & E have 14 ft. ceilings.
Units C, D, & E are approx. 40 x 80 combined and units A & B are approx. 24 x 40. Unit F is approx. 3,000 Sq. ft. with 16 ft. Ceilings.
Units D, C & E have 10 ft. x 12 ft. drive in door.
Unit F has a 14 ft. x 14 ft. drive in door.
5 New A/c Units (Units A,B, C,E) and 3 New Furnaces (Units CDE). Unit D A/C to replaced prior to closing. NO A/C in warehouse.
Gas and Electric metered separately.
Approximately 1 mile from I-76 and less than .5 miles to SR 5.
Approximately 1.6 Miles from NEOMED (Northeastern Ohio College of Medicine), and 7 miles from Kent State University.
Minutes from Downtown Kent and Downtown Ravenna.
Close proximity to several newer residential housing developments.
Location
State OH
County Portage
Rooms
Basement None
Interior
Heating Forced Air, Gas, Radiant
Cooling Central Air
Fireplace No
Exterior
Parking Features Concrete, Garage, Heated Garage, Indoor, Parking Lot
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Garage true
Building
Sewer Septic Tank
Water Public
Schools
School District Rootstown Lsd - 6707
Others
Tax ID 32-019-00-00-001-006
Financing Conventional
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Bought with Mary Ellsworth • Berkshire Hathaway HomeServices Stouffer Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "