1360 N Main ST new Save Request In-Person Tour Request Virtual Tour
Mineral Ridge,OH 44440
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Subdivision Village/Mineral Rdg
MLS Listing ID 5160455
HOA Y/N No
Year Built 1983
Annual Tax Amount $4,460
Tax Year 2024
Lot Size 0.843 Acres
Acres 0.843
Property Sub-Type Office
Property Description
EXCELLENT INVESTMENT OPPORTUNITY. This building pays for itself with a lease from Mercy Health. The listing is for the BUILDING only not the business. The property sits back off Niles-Cortland Rd. (shown as Main St. on auditor's site) bordering Mineral Ridge and Austintown. The clinic features a three-sided brick building with a wood back left intentionally for future expansion of building and parking. Updates include roof (5 years), sidewalk repair, HWT 2019, HVAC 1 of the 2 units has been updated, 3/4 of parking lot resurfaced. Building contains 6 exam rooms, 3 restrooms, lobby and reception area, staff office space, doctor's private office, lab areas and kitchen. Current lease with Mercy transfers to new landlord. Mo. income is $13.52/sq ft (2400) through April 2026. May 2027 increases to $13.79/sq ft. (2400). Renew options increase per year. Contract information provided from Mercy's leasing agent and per contract. Expenses include water, electric, gas, internet and maintenance. Lease increases by 2% per year based on anniversary date of the intial contract. Lease has been in place since April 2019.
Location
State OH
County Mahoning
Interior
Heating Forced Air,Gas
Cooling Central Air
Fireplace No
Exterior
Parking Features Parking Lot
Water Access Desc Public
Roof Type Asphalt
Present Use Medical/Dental
Building
Sewer Public Sewer
Water Public
Schools
School District Weathersfield Lsd - 7821
Others
Tax ID 49-044-0-023.00-0
Special Listing Condition Estate