108 Main StNorth Baltimore, OH 45872

Property Details for 108 Main St

Year built

1984

Lot size

0.06 AC

Property size (Sq ft)

2,618 SF

Property type

Warehouses

Property subtype

Self storage facilities

APN

F23-310-3502-11-021.000

APU

F23310350211021000

Description

This exceptional investment opportunity presents a 2,506 square foot bar located at 108-110 N Main St, North Baltimore, Ohio, 45872. The property, situated on a 0.05-acre lot (APN 02-40149-100), is zoned C (Commercial) and boasts a strong financial performance. Currently operating at 100% occupancy, the single-tenant bar enjoys a triple-net (NNN) lease, generating a substantial annual income of $32,640. The lease, in place until 2026, provides a stable cash flow with minimal landlord responsibilities. The building underwent renovations in 2017, ensuring modern amenities and functionality. The asking price is $630,000, representing a compelling 4.9% capitalization rate. Annual real estate taxes of $927 are paid by the building owner. This turnkey investment offers a secure and profitable addition to any portfolio, with the potential for future appreciation. The property's strong tenant history and favorable lease terms make it an attractive option for investors seeking a low-risk, high-return investment in a thriving commercial area. The current lease is for $1,920 per month. No lease renewal option is currently in place.

• CAP approach

  CAP return

  Valuation

  6%

  $869,587

  6.5%

  $802,695

  7%

  $745,360

• Comparable approach

  Method

  Valuation

  Relative Method

  $391,820

  Geo Method

  $391,820

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $400,666

  Mixed-Use / Specialty

  $390,607

  Hospitality / Lodging

  $275,339

  Office

  $379,297

  Institutional / Educational

  $402,989

  Residential Income

  $471,497

  Multifamily

  $613,335

  Automotive / Energy

  $345,419

  Parking / Income-Based Land

  $127,727

  Restaurant / Food Service

  $184,738

  Healthcare / Senior Housing

  $409,410

Location Insight

City

North Baltimore

County

Wood

State

Ohio

Latitude

41.1818

Longitude

-83.6779

CBSA code

45780

CBSA name

TOLEDO, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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