1360 N Main Street

Highlights:

• Tax Roll Number: 49-044-0-023.00-0
• Annual Tax: $ 4460.0
• Heating Fuel Type: Other
• Cooling: Central A/C
• Roof: Asphalt / Fiberglass
• Age: 41-50 Years Old
• Sewer: Public

Description:

Heading north on route 46 from the route 80 exit in Austintown, the office is approximately 3 miles on the left side.

CommercialSale, Mineral Ridge, OH

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.

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Listing ID: fbfaa458-9439-4113-8099-206974d07d8d

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