102 5Th StMansfield, OH 44902

Property Details for 102 5Th St

Year built

1941

Lot size

0.47 AC

Property size (Sq ft)

11,392 SF

Property type

Warehouses

APN

027-05-058-01-000

APU

270505801000

Description

This 10,392-square-foot mixed-use building presents a compelling redevelopment opportunity in Mansfield, Ohio. Located at 102 E 5th St, this Class C property boasts a prime location within an I-1 zoned area, offering excellent visibility and accessibility. Built in 1941, the structure currently features a 50% occupancy rate with an existing tenant occupying a portion of the space. The building's layout includes two offices, a restroom, a showroom area, and substantial storage space. The property's single tenancy simplifies management and offers potential for significant value enhancement through renovation and lease-up. Its strategic location provides easy access to Route 30 bypass, ensuring convenient transportation links. The property is offered at an attractive asking price of $135,000, making it an ideal investment for owner-users seeking a redevelopment project with strong potential for return. The Richland County location and the 0270505801000 APN number further identify this unique property. This is a single-tenant, owner-user investment opportunity categorized as redevelopment. The property's zoning and location make it suitable for a variety of uses.

• Alternative Use

  Use

  Valuation

  Residential

  $2,461,822

  Hospitality

  $2,255,016

  Educational

  $1,876,147

  Medical

  $1,940,670

  Retail

  $2,918,451

Location Insight

City

Mansfield

County

Richland

State

Ohio

Latitude

40.7626

Longitude

-82.5119

CBSA code

31900

CBSA name

MANSFIELD, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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