For Sale
$137,000

530 Sophia StMaumee, OH 43537

Prime Maumee retail space, high cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 1,484 square foot retail storefront located at 530 W Sophia St, Maumee, OH 43537. The property, encompassing two buildings on a 0.11-acre lot (APN 3611821), underwent a complete renovation in 2023. Currently operating at 100% occupancy, the property features a single tenant under a Net Net (NN) lease expiring March 1, 2028, with a remaining term of approximately 3.3 years. The lease includes two five-year options with CPI increases. Tenant responsibilities include real estate taxes, property insurance, all utilities, security, trash, janitorial services, and common area maintenance. Landlord responsibilities are limited to foundation, exterior walls, glass, windows, doors, HVAC system, general electrical system, plumbing, exterior paint, and roof. The property is zoned C2 and boasts a compelling asking price of $137,000, translating to a price per square foot of $92.32 and a strong 6.79% cap rate. Built in 1951, this meticulously maintained property offers a rare blend of historical charm and modern functionality, making it an ideal addition to any investment portfolio. A 24-hour notice is requested for all showings.

Highlights

  • 1,484 square feet, two-building property.
  • Completely remodeled in 2023.
  • Leased through March 2028, with two five-year options; rent increases based on CPI.
  • Tenant responsible for all operating expenses (taxes, insurance, utilities, security, trash, janitorial, and common area maintenance).
  • Landlord responsible for building structure, exterior, HVAC, electrical, plumbing, and roof.

Property Details for 530 Sophia St

Property type
Retail properties, Investment properties
Square Feet
1,484 SF
Year Built/Renovated
1951/2023
Buildings
2
Lot Size (sq. ft)
4,792 SF

Location Insight

City
Maumee
County
Lucas
State
Ohio
Latitude
41.5628128
Longitude
-83.6637355
530 Sophia St, Maumee, Ohio

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530 Sophia St
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