120 Sturges AveMansfield, OH 44903

This exceptional 12,807 square foot office building, located at 120 Sturges Avenue in Mansfield, Ohio, presents a compelling investment opportunity. Built in 1961, this single-story property features ten units, seven of which are currently leased, providing immediate cash flow. The property is ideally situated near Ohio Health Mansfield Hospital, ensuring high visibility and convenient access for tenants. Each unit is meticulously designed with separate utility submetering, simplifying management and offering tenants cost control. The asking price is $399,900, translating to a price per square foot of $31.23. The current capitalization rate is 8.01%, with projected annual expenses estimated at $7,616.80, including $4,616.80 for taxes and $3,000 for insurance. The property accommodates eight tenants in a multi-tenant configuration. One unit is located in the basement. This property is perfect for investors seeking a strong return on investment in a prime location. The combination of existing tenants and the proximity to a major hospital makes this a highly desirable asset. Don't miss this chance to acquire a well-maintained, income-producing office building in a thriving Ohio market.