For Sale
$199,000

516 High St Orrville, OH 44667

High-yield retail & residential property.

Overview

Added:
Feb 3
Days on market:
80
This exceptional mixed-use property in Orrville, Ohio presents a lucrative investment opportunity. The offering encompasses a fully occupied retail building and a separate rental home, generating consistent monthly income streams. The retail space, totaling 1,852 square feet, features a welcoming receptionist area, a spacious lobby, seven individual offices, ample storage rooms, and convenient restrooms. Its dual entrances offer flexibility for potential expansion or division into separate units. Currently leased at $1,100 per month, this retail space benefits from a recently installed roof, ensuring long-term durability and reduced maintenance costs. The accompanying rental home, situated at 338 Hall St., is a charming 976-square-foot bungalow. This two-bedroom, one-bathroom residence includes a basement, adding to its appeal. Currently leased at $791 per month, the tenant is responsible for all utilities, minimizing landlord responsibilities. The entire property sits on a sizable 0.28-acre lot, providing ample space and potential for future development or expansion. This turnkey investment offers immediate cash flow and significant long-term growth potential, making it an ideal addition to any portfolio. The combined rental income provides a strong return on investment, making this a compelling opportunity for discerning investors seeking a stable and profitable asset. The property is offered at $199,000.

Property Details for 516 High St

Property type
Mixed-use properties
Year Built
1987
Lot Size (sq. ft)
12,197 SF

Location Insight

City
Orrville
County
Wayne
State
Ohio
Latitude
40.84346
Longitude
-81.77064

FAQs

What type of property is this?
Mixed-use property - High-yield retail & residential property.
Where is the mixed-use property located?
The property is located at 516 High St Orrville, OH.
What is the asking price?
The asking price for this property is $199,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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516 High St
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