Burns Electric
$648,000
116 East Market Street, Tiffin, OH 44883
27.63
Cap Rate
179,017
NOI
Details:
Highlights:
- • Turnkey opportunity: purchase the real estate and the established, operating business together for one price of $648,000.
- • Landmark downtown Tiffin building with 60+ years of goodwill - a modern showroom for appliances, cabinetry, countertops, flooring, lighting, plumbing fixtures, and kitchen & bath design.
- • Approximately 17,080 SF of above-grade retail/showroom space plus a full basement for storage and staging, on a 63 ft x 180 ft downtown lot.
- • C-3 Central Business District zoning in Tiffin’s CBD-prime corridor - flexible commercial/retail use with active downtown reinvestment and redevelopment.
- • Business conveys with name, equipment, client list, and an experienced 10-person team (8 full-time + 2 officers); seller will assist with transition.
- • Approximately 45-mile market area serving homeowners, contractors, and builders with generations of repeat and referral customers.
- • On-site paved parking (asphalt lot) and prominent E Market Street frontage.
Description:
Turnkey Downtown Tiffin Showroom + Operating Business | Real Estate & Business Included at $648,000. Business financials will be provided after a Non-Disclosure Agreement has been executed. Business is being offered through Transworld Business Advisors of Northwest Ohio.
Burns Electric occupies a prominent, freestanding brick building in the heart of downtown Tiffin, Ohio, the seat of Seneca County. Positioned on E Market Street within the city’s Commercial Business District, its prime commercial corridor, the property benefits from strong street visibility, walkable downtown foot traffic, and on-site paved parking. Tiffin’s downtown continues to attract public and private investment and redevelopment, supporting long-term demand for retail and home-improvement uses. The building has served as a home-products showroom for more than 60 years and sits within an approximately 45-mile trade area reaching homeowners, contractors, and builders across northwest Ohio.
Documents:
| Title | ||
|---|---|---|
| CBC_-_Brochure__P_.pdf |
Location
Gallery
