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136 N Ridge St 5,099 SF 100% Leased Office Building Monroeville, OH 44847 $525,000 ($102.96/SF)
INVESTMENT HIGHLIGHTS
- Fully leased two-unit office/medical building
- Second unit leased to professional office/medical user
- Located in a growing commercial corridor in Monroeville, OH
- Anchor tenant: Established dental practice with long-term presence
- Ample on-site parking for tenants and visitors
- Ideal for passive investors seeking stable, multi-tenant cash flow
EXECUTIVE SUMMARY
An exceptional opportunity to acquire a stabilized, income-producing commercial asset in the heart of Monroeville, Ohio. This well-maintained two-unit office/medical building is fully leased, including one suite occupied by a long-standing dental practice, providing immediate and reliable cash flow.
In addition to the building’s tenant income, the property includes a leased on-site billboard, generating additional passive revenue and enhancing overall returns. This ancillary income source requires no active management, further strengthening the property's appeal as a low-maintenance investment.
Suite B is professionally configured to support a wide range of office or medical uses. The layout includes three private offices, an open bullpen area, three restrooms, a break room with kitchenette, a file/storage room, and a welcoming reception area. The design supports efficient operations and provides flexibility for future users.
Strategically positioned on a high-visibility corner lot along N Ridge Street (State Route 99) and US Highway 20, the property benefits from prominent exposure, strong daily traffic counts, and convenient access for both tenants and visitors. The layout supports low operational overhead and minimal management burden—making this an ideal passive investment.
In addition to the building’s tenant income, the property includes a leased on-site billboard, generating additional passive revenue and enhancing overall returns. This ancillary income source requires no active management, further strengthening the property's appeal as a low-maintenance investment.
Suite B is professionally configured to support a wide range of office or medical uses. The layout includes three private offices, an open bullpen area, three restrooms, a break room with kitchenette, a file/storage room, and a welcoming reception area. The design supports efficient operations and provides flexibility for future users.
Strategically positioned on a high-visibility corner lot along N Ridge Street (State Route 99) and US Highway 20, the property benefits from prominent exposure, strong daily traffic counts, and convenient access for both tenants and visitors. The layout supports low operational overhead and minimal management burden—making this an ideal passive investment.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$43,090
|
$5.76
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$43,090
|
$5.76
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $43,090 |
| Annual Per SF | $5.76 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $43,090 |
| Annual Per SF | $5.76 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
5,099 SF
Building Class
C
Year Built
1998
Price
$525,000
Price Per SF
$102.96
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,099 SF
Building FAR
0.06
Lot Size
1.95 AC
Zoning
B-1 - OFFICE: 1-2 STORY-WALKUP (PER FLOOR)
Parking
58 Spaces (11.37 Spaces per 1,000 SF Leased)
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Bill Board (2.000/annually)
- -
- -
- -
- -
- ITX Intellihart (STE B)
- -
- 2,561 SF
- -
- -
- Monroeville Dental Assoc
- Health Care and Social Assistance
- 2,500 SF
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Bill Board (2.000/annually) | - | - | - | - | ||
| ITX Intellihart (STE B) | - | 2,561 SF | - | - | ||
| Monroeville Dental Assoc | Health Care and Social Assistance | 2,500 SF | - | - |
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PROPERTY TAXES
| Parcel Number | 42-045B-04-021-0000 | Improvements Assessment | $119,130 |
| Land Assessment | $7,040 | Total Assessment | $126,170 |
PROPERTY TAXES
Parcel Number
42-045B-04-021-0000
Land Assessment
$7,040
Improvements Assessment
$119,130
Total Assessment
$126,170
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136 N Ridge St
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