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

Industrial properties

Property subtype

Other 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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