530 Sophia StMaumee, OH 43537

Property Details for 530 Sophia St

Year built

1951

Lot size

0.11 AC

Property size (Sq ft)

912 SF

Zone code

16-C2

Property type

Retail properties

Property subtype

Retail space

APN

36-11821

APU

3611821

Description

This exceptional Maumee, OH commercial investment property presents a compelling opportunity for discerning investors. Located at 530 W Sophia Unit 530, this property boasts a strong, reliable tenant currently in the third year of a five-year lease expiring April 1, 2028. The current annual base rent is $9,300, increasing to $9,600 annually for the final two years of the initial lease term. The lease includes two five-year renewal options, with rent increases tied to the Consumer Price Index (CPI). This built-in rent escalation provides excellent protection against inflation and ensures consistent income growth. The tenant is responsible for all operating expenses, including real estate taxes (reimbursed to the landlord), property insurance, utilities, security, trash removal, janitorial services, and common area maintenance. The landlord's responsibilities are limited to structural components such as the foundation, exterior walls, glass, windows, doors, HVAC system, general electrical system, plumbing, exterior paint, and roof. This well-defined responsibility structure minimizes landlord involvement and maximizes return on investment. The property's stable tenancy and favorable lease terms make it an attractive addition to any commercial real estate portfolio. This is a turnkey investment opportunity with significant potential for long-term growth and passive income. The property is priced at $137,000.

Location Insight

City

Maumee

County

Lucas

State

Ohio

Latitude

41.5628

Longitude

-83.6637

CBSA code

45780

CBSA name

TOLEDO, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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