For Sale
$284,900

1494 Park AveOntario, OH 44906

3-Unit Building, High-Traffic Area, Dual Zoning

Overview

Added:
Dec 11, 2024
Days on market:
114
This turnkey investment property in Ontario, Ohio, offers immediate cash flow and high potential. Located at 1494 Park Avenue W, this 3-unit building sits on a half-acre lot (22,215.6 sq ft) and boasts 3,296 square feet of net rentable space. Built in 1970, the property features a mix of updated and renovated units. Unit 1, the smallest, is currently leased to a beauty salon under a 3-year lease. Unit 2, fully refinished with new flooring and paint, retains salon plumbing and includes a waiting area, break room, and two additional rooms. Unit 3, over 1300 square feet, is owner-occupied and features new appliances, paint, flooring, a new stairwell, and a small porch. The property benefits from dual residential and commercial zoning, offering versatile usage options. A fenced backyard provides ample space, ideal for a pole barn or outdoor recreation. Asking price is $284,900 ($86.44/sq ft). This property presents a compelling investment opportunity with a stable income stream and significant upside potential. The property's high-traffic location ensures maximum visibility and accessibility.

Highlights

  • Turnkey investment property generating immediate cash flow.
  • Prime location on a half-acre lot in a high-traffic area of Ontario, Ohio.
  • Versatile usage with dual residential and commercial zoning.
  • Stable income from a 3-year lease with a beauty salon in one unit.
  • Fully renovated units, including one with salon plumbing and another with over 1300 square feet of space.
  • Large fenced backyard ideal for additional structures or recreation.

Property Details for 1494 Park Ave

Property type
Land, Apartment buildings
Square Feet
3,296 SF
Year Built
1970
Units
3

Location Insight

City
Ontario
County
Richland
State
Ohio
Latitude
40.7600287
Longitude
-82.569533
1494 Park Ave, Ontario, Ohio

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1494 Park Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message