For Sale
$649,900

4268 Erie AveMassillon, OH 44662

High-yield office, rental, & storage.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional mixed-use property in Navarre, Ohio, presents a compelling investment opportunity for owner-users. Situated on a 0.97-acre lot at 4268 Erie Ave SW, this property boasts four buildings, including an all-brick professional office building with three separate units. The upper level of the office building features six offices, a breakroom/kitchenette, restrooms, and a large conference room. The lower level houses two currently occupied small business units. Complementing the office space are two long-term rental homes (month-to-month leases) and a large storage building with seven currently rented units. The property offers ample parking with eight spaces. Built in 1945, this Class B property generates a substantial annual net operating income (NOI) exceeding $78,500, representing a 12.08% cap rate. The property is conveniently located on a high-traffic section of State Route 21, just south of the intersection with Navarre Road. This is a gross lease property with no credit rating available for the tenants. The property's APN is 04400221. The net rentable square footage is 19 square feet. This turnkey investment offers significant income potential and the advantage of owner-user occupancy. Don't miss this chance to acquire a well-established, cash-flowing property in a desirable location.

Highlights

  • High-traffic location on State Route 21.
  • Attractive brick professional office building with three units.
  • Strong income producing property with over $78,500 annual gross income.

Property Details for 4268 Erie Ave

Property type
Office properties, Mixed-use properties
Class
B
Year Built
1945
Buildings
4
Lot Size (sq. ft)
42,253 SF

Location Insight

City
Massillon
County
Stark
State
Ohio
Latitude
40.746853324635
Longitude
-81.516603092654
4268 Erie Ave, Massillon, Ohio

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4268 Erie Ave
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