For Sale
$345,000

21 Waterloo RdMogadore, OH 44260

High-Yield Multi-Tenant Property

Overview

Added:
Dec 11, 2024
Days on market:
121
This exceptional investment opportunity presents a multi-tenant commercial property ideally situated at the signalized intersection of Waterloo Road and Portage Line Road in Suffield Township, Ohio. The property encompasses 6,041 square feet on a 0.89-acre lot, directly across from a newly constructed Dollar General store, ensuring high visibility and foot traffic. The property consists of two buildings, each single-story, built in 1920 and renovated in 1975, and currently houses three tenants: two long-term automotive businesses (an auto repair shop and an auto sales business occupying 3,498 and 1,463 square feet respectively, plus a small basement) and one vacant unit (1,080 square feet). The auto repair shop has been a tenant for over 10 years, while the auto sales business has been in place for over 25 years. The property features a well and septic system. The current annual gross income is $34,320, with annual real estate taxes of $3,800 and annual insurance costs of $992. The property's prime location, established tenancy, and strong potential for increased revenue make this a compelling investment opportunity. The Portage County PPN is 36-048-00-00-026-001. The vacant unit presents an immediate opportunity to increase rental income. This property is being sold as-is.

Property Details for 21 Waterloo Rd

Property type
Retail properties, Auto shops
Square Feet
6,041 SF
Class
C
Year Built/Renovated
1920/1975
Buildings
2
Stories
1
Lot Size (sq. ft)
38,768 SF

Location Insight

City
Mogadore
County
Portage
State
Ohio
Latitude
41.0256863
Longitude
-81.3928222
21 Waterloo Rd, Mogadore, Ohio

FAQs

What type of property is this?
Retail property - High-Yield Multi-Tenant Property
Where is the retail property located?
The property is located at 21 Waterloo Rd Mogadore, OH.
What is the asking price?
The asking price for this property is $345,000.
How can I contact the broker?
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21 Waterloo Rd
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