707 N Cable, Lima, OH 45805
$250,000
Property Type:
Commercial Sale
Square Footage:
9,425
Lot Size (sq. ft.):
1
Status:
Closed
Current Price:
$250,000
List Date:
2/17/2020
Last Modified:
10/22/2024
Description
Attention small business owners and investors, this 4-unit, 9425 SF retail space is your next purchase. With road frontage/access to both Cable Rd. and Allentown Rd., this property is situated in a prime location. It is a 7% CAP as the property stands with two of the 4-units already leased out. This property is priced to move and will make a great cash-flowing investment or new location for your business. Property comes with over 70 spaces in front of building and on West side of Walgreens.,Retail Building Over 5000 SqFt
More Information MLS# 200708
Location & Property Info
Zoning Description: Commercial
School District: Elida
AssociationY/N: No
General Property Info
Lot Size Square Feet: 1.14
Exceptions: 0
Legal Description: PT SE1/4-.035 AC CO RD EASE RTS 06-03-27
FEMA Flood Zone Y/N: No
# Stories: 1
# Of Buildings: 1
Traffic Count: 18000+
Living Area SqFt: 9425
Year Built: 1988
Tax Info
Parcel #: 36-2704-01-006.000
Tax Annual Amount: 11891.98
Tax Other Annual Assessment Amount: 10
Remarks & Misc
Public Remarks: Attention small business owners and investors, this 4-unit, 9425 SF retail space is your next purchase. With road frontage/access to both Cable Rd. and Allentown Rd., this property is situated in a prime location. It is a 7% CAP as the property stands with two of the 4-units already leased out. This property is priced to move and will make a great cash-flowing investment or new location for your business. Property comes with over 70 spaces in front of building and on West side of Walgreens.,Retail Building Over 5000 SqFt
Status Change Info
Concession Comments: NONE
Status Change Date: 2020-08-04
Pending Date: 2020-07-17
Close Date: 2020-08-04
Sold Price: $250,000
Business Type
Barber/Beauty: 1
Professional Service: 1
Construction Materials
Block: 1
Glass: 1
Documents Available
Site Plan: 1
Cooling
Central Air: 1
Listing Terms
1031 Exchange: 1
Cash: 1
Conventional: 1
Financial Details
Net Operating Income: 28689.5
New Taxes Expense: 11891.98
Flooring
Carpet: 1
Ceramic Tile: 1
Heating
Forced Air: 1
Natural Gas: 1
Road Frontage Type
City Street: 1
Special Listing Conditions
Fair Market: 1
Parking Features
Parking Total: 71
Private: 1
Other: 1
Roof
Rubber: 1
Sale Includes
Building & Land: 1
Location Property Info
Current Price: $250,000
Original List Price: 449900
Property Sub Type: Business
Sold Price: $250,000
Status: Closed
List Date: 2020-02-17
Street #: 707
Street Direction Prefix: N
Street Name: Cable
County: Allen
State: OH
Postal Code: 45805
Property Features
Business Type: Barber/Beauty; Professional Service
Construction Materials: Block; Glass
Cooling: Central Air
Documents Available: Site Plan
Flooring: Carpet; Ceramic Tile
Heating: Forced Air; Natural Gas
Listing Terms: 1031 Exchange; Cash; Conventional
Parking Features: Private; Other
Road Frontage Type: City Street
Roof: Rubber
Sale Includes: Building & Land
Special Listing Conditions: Fair Market
Listing Office:
Hartsock Realty
Last Updated: October - 22 - 2024
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