246 4Th StMansfield, OH 44902

Property Details for 246 4Th St

Year built

1936

Lot size

5.83 AC

Property size (Sq ft)

511,414 SF

Property type

Industrial properties

Property subtype

Other warehouses

APN

027-05-108-04-000

APU

270510804000

Description

This exceptional 511,414 square foot industrial property in Mansfield, Ohio, presents a compelling value-add investment opportunity. Located at 246 E 4th St, 44902, this five-story building sits on a four-acre lot and boasts a 24-foot ceiling height, making it ideal for a variety of uses including distribution, manufacturing, and warehousing. Currently generating $245,400 in gross annual rent, this multi-tenant property offers significant upside potential for increased income. The property features seven parking spaces and is zoned for industrial use. The asking price is $1,500,000, translating to a price per square foot of $2.93. This property is situated in an Opportunity Zone, providing additional tax advantages for qualified investors. The property's versatile design and prime location in Richland County make it an attractive investment for those seeking a strong return on investment in the industrial real estate sector. The Net Net Net (NNN) lease structure minimizes landlord responsibilities. The property's substantial size and existing rental income stream make it a highly desirable asset. This is a rare opportunity to acquire a large-scale industrial property with considerable growth potential in a thriving market. The property's existing infrastructure and flexible zoning provide a solid foundation for future expansion and adaptation to evolving market demands.

• Alternative Use

  Use

  Valuation

  Residential

  $110,517,320

  Hospitality

  $101,233,272

  Educational

  $84,224,896

  Medical

  $87,121,512

  Retail

  $131,016,496

Location Insight

City

Mansfield

County

Richland

State

Ohio

Latitude

40.7604

Longitude

-82.5055

CBSA code

31900

CBSA name

MANSFIELD, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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