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116-118 W North St 7,300 SF Retail Building Fostoria, OH 44830 $100,000 ($13.70/SF)
Investment Highlights
- Two storefront retail units
- Two-story structure with upper level shell
- Prior use: restaurant + event/banquet space
Executive Summary
Downtown Fostoria Redevelopment Opportunity | 116-118 W North St
Positioned in the heart of downtown Fostoria, this approximately 7,300 SF commercial property offers a rare opportunity for redevelopment, owner-user occupancy, or value-add investment. The building consists of two street-level retail storefronts with expansive upper-level space ready for customization and future buildout. There is a full basement.
Previously utilized as a restaurant and banquet/event facility, the property is well suited for a variety of commercial concepts including retail, restaurant, entertainment, office, mixed-use, or multi-tenant conversion. The second floor remains in shell condition, allowing a new owner to design the space around their intended use.
With strong visibility, flexible floor plans, and multiple potential income streams, this property presents an ideal opportunity to revitalize a prominent downtown asset.
Positioned in the heart of downtown Fostoria, this approximately 7,300 SF commercial property offers a rare opportunity for redevelopment, owner-user occupancy, or value-add investment. The building consists of two street-level retail storefronts with expansive upper-level space ready for customization and future buildout. There is a full basement.
Previously utilized as a restaurant and banquet/event facility, the property is well suited for a variety of commercial concepts including retail, restaurant, entertainment, office, mixed-use, or multi-tenant conversion. The second floor remains in shell condition, allowing a new owner to design the space around their intended use.
With strong visibility, flexible floor plans, and multiple potential income streams, this property presents an ideal opportunity to revitalize a prominent downtown asset.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
7,300 SF
Building Class
C
Year Built
1900
Price
$100,000
Price Per SF
$13.70
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.84
Lot Size
0.20 AC
Zoning
ARE - Buyer to verify permitted uses and any required approvals.
Parking
6 Spaces (0.82 Spaces per 1,000 SF Leased)
Frontage
79’ on North St
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | P51030921400000 | Improvements Assessment | $50,930 |
| Land Assessment | $4,560 | Total Assessment | $55,490 |
Property Taxes
Parcel Number
P51030921400000
Land Assessment
$4,560
Improvements Assessment
$50,930
Total Assessment
$55,490
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116-118 W North St