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Subich Building 120 Sturges Ave 12,000 SF 100% Leased Office Building Mansfield, OH 44903 $306,667 ($25.56/SF) 18% Cap Rate
Investment Highlights
- Great Location
- Investment Opportunity!
- Endless Potential
Executive Summary
Don’t miss this opportunity to purchase a 10-unit commercial building with tremendous upside potential! Previously utilized mostly for medical offices, this property boasts flexible space ready for its next chapter.
While the property could benefit from updates and improvements, the possibilities here are endless for the right buyer or investor. Whether you’re looking to expand your business footprint, create income-producing office suites, or explore residential conversion possibilities, this property is packed with opportunity. Lots of parking options and a nice location.
Bring your ideas and unlock the full potential of this versatile commercial property! Selling regardless of price on June 18 @ 5:30pm!!!
As of this brochure, 3 total units are rented on a month-to-month basis.
Unit 1 and 2 are combined but could easily be separated again, consists of 2 large waiting room, 9-10 rooms, kitchen area, 2 bathrooms and 2 receptionist area, presently vacant.
Unit 3 consists of a waiting area, 3 rooms, a kitchenette of sorts, 2 bathrooms, large office and a conference room, presently vacant.
Unit 4 rented $450/month
Unit 5 rented $500/month
Unit 6 and 7 (by box 8) presently combined, 11 exam rooms, 2 bathrooms, triage room, receptionist area, waiting room – presently vacant.
Unit 8 – 1 bathroom, 3 rooms, conference room, entry/sitting area – presently vacant.
Unit 9 rented $650/month
Unit 10 – downstairs! An undeveloped large area full of potential!!
All units with utilities already separated and nothing but endless possibilities. Don’t miss your chance!!
While the property could benefit from updates and improvements, the possibilities here are endless for the right buyer or investor. Whether you’re looking to expand your business footprint, create income-producing office suites, or explore residential conversion possibilities, this property is packed with opportunity. Lots of parking options and a nice location.
Bring your ideas and unlock the full potential of this versatile commercial property! Selling regardless of price on June 18 @ 5:30pm!!!
As of this brochure, 3 total units are rented on a month-to-month basis.
Unit 1 and 2 are combined but could easily be separated again, consists of 2 large waiting room, 9-10 rooms, kitchen area, 2 bathrooms and 2 receptionist area, presently vacant.
Unit 3 consists of a waiting area, 3 rooms, a kitchenette of sorts, 2 bathrooms, large office and a conference room, presently vacant.
Unit 4 rented $450/month
Unit 5 rented $500/month
Unit 6 and 7 (by box 8) presently combined, 11 exam rooms, 2 bathrooms, triage room, receptionist area, waiting room – presently vacant.
Unit 8 – 1 bathroom, 3 rooms, conference room, entry/sitting area – presently vacant.
Unit 9 rented $650/month
Unit 10 – downstairs! An undeveloped large area full of potential!!
All units with utilities already separated and nothing but endless possibilities. Don’t miss your chance!!
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Office
Property Subtype
Building Size
12,000 SF
Building Class
B
Year Built
1961
Price
$306,667
Price Per SF
$25.56
Cap Rate
18%
NOI
$55,200
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
12,000 SF
Building FAR
0.27
Lot Size
1.01 AC
Opportunity Zone
Yes
Zoning
OS - Office Service District - designed to accommodate a mix of professional, administrative, and service-oriented businesses, often acting as a buffer between more intense commercial or industrial areas and residential
Parking
50 Spaces (4.17 Spaces per 1,000 SF Leased)
Amenities
- Reception
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Ohio Democratic Party
- -
- -
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$9.99
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Lorem Ipsum
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Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Ohio Democratic Party | - | - | $9.99 | Lorem Ipsum | Jan 0000 |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $71,840 | |
| Land Assessment | $7,310 | Total Assessment | $79,150 |
Property Taxes
Parcel Numbers
Land Assessment
$7,310
Improvements Assessment
$71,840
Total Assessment
$79,150
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Subich Building | 120 Sturges Ave
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