1281 Park AveMansfield, OH 44906

Property Details for 1281 Park Ave

Year built

1984

Lot size

0.65 AC

Property size (Sq ft)

11,534 SF

Property type

Retail properties

Property subtype

Retail space

APN

027-02-135-09-001

APU

270213509001

Description

This exceptional retail opportunity presents a 36,000-square-foot commercial property situated on a sizable 6.03-acre lot in Richland County. The property comprises five individual buildings, offering a unique blend of established and readily available space. Currently, 7,500 square feet are vacant, presenting a significant chance for expansion or new tenancy. The existing buildings house a total of 226 individual units, indicating a strong potential for diverse business ventures. The property boasts a convenient 30-space parking lot, ensuring ample customer and employee parking. A key advantage is the property's strategic location behind Fontaine Plaza, providing excellent visibility and accessibility. The property also features a dedicated pylon sign, enhancing its prominence and attracting potential customers. The site benefits from 24-hour security, providing peace of mind for tenants and their operations. This single-tenant retail space is ideal for businesses seeking a high-visibility location with ample space and convenient parking. The substantial lot size offers significant potential for future development or expansion. This is a rare opportunity to acquire a well-maintained, established retail center with immediate occupancy potential. The combination of existing tenants and available space makes this property an attractive investment for both established businesses and new ventures.

• CAP approach

  CAP return

  Valuation

  6%

  $3,193,482

  6.5%

  $2,947,829

  7%

  $2,737,270

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,718,804

  Geo Method

  $2,718,804

• Alternative Use

  Use

  Valuation

  Residential

  $2,486,604

  Hospitality

  $2,277,716

  Educational

  $1,895,033

  Medical

  $1,960,206

  Retail

  $2,947,829

Location Insight

City

Mansfield

County

Richland

State

Ohio

Latitude

40.7589

Longitude

-82.5619

CBSA code

31900

CBSA name

MANSFIELD, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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].