For Sale
$619,000

947 Longview AveMansfield, OH 44906

8,820 SF Flex/Warehouse, 8.65% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
115
This single-tenant, triple-net (NNN) leased industrial property presents a compelling investment opportunity. Located at 947 W Longview Ave, Mansfield, OH 44906, this 8,820-square-foot flex/warehouse building sits on a 1.15-acre lot and boasts excellent visibility and access from Route 30, including frontage and signage. The building, constructed in 1970, features a mix of forced air and radiant heating systems, on-grade doors, and attractive office space. The property includes a fenced-in half-acre lot and a driveway easement with the neighboring property owner. Currently 100% occupied by Standard Plumbing under a lease extending through December 2026 with renewal options, this property offers a strong net operating income (NOI) of $53,550, resulting in an attractive 8.65% capitalization rate. The asking price is $619,000, translating to $70.18 per square foot. The property is zoned I1 and features one building with one story. The parcel includes APNs 0270400404000, 0270400403000, and 0270400405000. This is a confidential sale

Highlights

  • Triple-net (NNN) leased investment property; Standard Plumbing tenant through December 2026 with renewal options.
  • Confidential sale; showings scheduled exclusively through listing agent; do not contact tenant.

Property Details for 947 Longview Ave

Property type
Warehouses, Industrial properties
Square Feet
8,820 SF
Year Built
1970
Buildings
1
Stories
1
Lot Size (sq. ft)
50,094 SF
Units
1

Location Insight

City
Mansfield
County
Richland
State
Ohio
Latitude
40.774588635471
Longitude
-82.548908723705
947 Longview Ave, Mansfield, Ohio

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947 Longview Ave
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