108 Main StNorth Baltimore, OH 45872

  • Industrial properties
  • 2,618 SF
For Sale
$630,000 View listing

Property Details for 108 Main St

Year built
1984
Lot size
0.06 AC
Property size (Sq ft)
2,618 SF
Property type
Industrial properties
Property subtype
Other warehouses
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $414,995
    Hospitality
    $380,134
    Educational
    $316,267
    Medical
    $327,144
    Retail
    $491,970
108 Main St, North Baltimore, Ohio

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,185
$1,580
$15,680
$17,260
-
$4,500
$44,800
$49,300

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