1360 N Main Street | Mineral Ridge
EXCELLENT INVESTMENT OPPORTUNITY. \u00A0This building pays for itself with a lease from Mercy Health. \u00A0The listing is for the BUILDING only not the business. \u00A0The property sits back off Niles-Cortland Rd. (shown as Main St. on auditor\u0027s site) bordering Mineral Ridge and Austintown. \u00A0The clinic features a three-sided brick building with a wood back left intentionally for future expansion of building and parking. Updates include roof (5 years), sidewalk repair, HWT 2019, HVAC 1 of the 2 units has been updated, 3/4 of parking lot resurfaced. \u00A0Building contains 6 exam rooms, 3 restrooms, lobby and reception area, staff office space, doctor\u0027s private office, lab areas and kitchen. \u00A0Current lease with Mercy transfers to new landlord. \u00A0Mo. income is $13.52/sq ft (2400) through April 2026. \u00A0May 2027 increases to $13.79/sq ft. (2400). \u00A0Renew options increase per year. \u00A0Contract information provided from Mercy\u0027s leasing agent and per contract. \u00A0Expenses include water, electric, gas, internet and maintenance. \u00A0Lease increases by 2% per year based on anniversary date of the intial contract. \u00A0Lease has been in place since April 2019. MLSNow 5160455
Directions to property: Heading north on route 46 from the route 80 exit in Austintown, the office is approximately 3 miles on the left side.
Listed by Dawn Delorenzo
All information is believed to be reliable, but is not guaranteed and should be independently verified with a real estate professional. CENTURY 21 Lakeside Realty Is a member of the National Association of REALTORS® Equal Housing Opportunity.