For Sale
$580,000

111 Main StPleasantville, OH 43148

High-yield multi-tenant property.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a thriving multi-tenant property located at 111 N Main St, Pleasantville, OH 43148. The property boasts a total of 2,964 square feet situated on a 0.157-acre lot (APN: 0300220200) and is zoned C (Commercial). Currently operating at 100% occupancy, the property generates a substantial annual rental income of $54,000, with a strong 8.5% cap rate. The main tenant is a bar, contributing $36,000 annually to the income stream. Two additional income sources are provided by two 2-bedroom, 1-bathroom apartments, renting for $850 and $650 per month respectively, totaling $18,000 annually. The building underwent a remodel and opened in 2023. The bar's lease is a NNN lease with a remaining term of 5 years (through 2028) and does not include a renewal option. Annual real estate taxes of $3,073 are paid by the building owner. This turnkey investment offers a compelling return and significant upside potential in a desirable location. The property's strong cash flow and high occupancy rate make it an attractive addition to any portfolio. Serious inquiries only.

Highlights

  • $580,000 asking price for this multi-tenant retail property.
  • 8.5% cap rate, generating $54,000 in annual rental income.
  • Located at 111 N Main St, Pleasantville, OH 43148, on a 0.157-acre lot (APN: 0300220200).
  • 2,964 square feet, 100% occupied, with a NNN lease in place for 5 years.
  • Includes a bar generating $36,000 annually, and two apartments: one at $10,200 and another at $7,800 annually.

Property Details for 111 Main St

Property type
Retail properties, Bars
Square Feet
2,964 SF
Lot Size (sq. ft)
6,839 SF

Location Insight

City
Pleasantville
County
Fairfield
State
Ohio
Latitude
39.810147
Longitude
-82.522975
111 Main St, Pleasantville, Ohio

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111 Main St
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