56 Stower Ln, Norwalk, OH 44857
10,780 SF | 100% Leased | Retail Building | Norwalk, OH 44857 | $1,900,000 ($176/SF) | 6.39% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,900,000
- Sale Condition
- 1031 Exchange
- Property Type
-
Retail
- Square Feet
- 10,780 SF
- Price / Square Foot
- $176
Listing Contacts
George Ioannides
Verified Profile
- Property Info
Property Overview
Prime investment opportunity in this 5 unit Strip Mall in a up and coming area in Norwalk, Ohio. Three of the four tenants rents are below market average and will increase upon renewals (Bay Oral Surgery has already verbally committed to staying and is interested in expanding into vacant space, if available). One vacant space of 1396 square feet, make this an ideal buy for an owner occupant. Excellent location with new business' like Chipotle and Fisher Titus Medical Center just moving in. Entire building inside and out are up-to- date and well maintained. Monument sign on Route 250 in front of the Bob Evans is also included with the sale and brings in $3600 a year. The additional 1/2 acre of unused, parking space, to the north of the building has entertained a 2000 sq./ft.building for a coffee shop. Tremendous upside in this property.
Property Details
- Class
- B
- Year Built
- 2007
- Stories
- 1
- Property Subtype
- Freestanding, Storefront, Storefront Retail/Residential, Medical
- Lot Size (sq. ft)
- 54,886 SF
Highlights
- Great Investment opportunity in this 5 unit retail Strip Mall located in nicest area of Norwalk, Ohio.
- 2 National Tenants, and 2 Oral Surgeons that work in unison together. One small, vacant, space that is not marketed, ideal for the owner occupant.
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].