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    19 N Main St New London, OH 44851

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    For Sale
    $345,000

    NNN leased auto shop with long-term tenant.

    Property size:
    12,789 SF
    Lot size:
    0.59 Acres

    Property Features for 19 N Main St

    General Information

    Size
    12,789 SF
    Lot size
    0.59 Acres

    Source: Gerspacher Real Estate Group Agent Troy Gerspacher, CCIM, SIOR

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    NAPA Auto Parts Investment Opportunity

    This property features 12,789 square feet of space on a 0.588-acre lot. It is currently leased to NAPA Auto Parts under a NNN lease with approximately 3 years remaining through January 2029, and includes three 5-year options. The property has a total of 7 overhead doors, including six 10-foot by 10-foot doors and one 12-foot by 12-foot door. There are 12 parking spaces available. The zoning is DBD (Downtown Business District). The traffic count is 3,203. The 2024 annual real estate taxes are $3,180.98.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Napa Auto Parts-Orlo ... Auto Parts Store Firelands Electric Cooperative Electric Utility Company

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Clark Brothers Garage, Carl's Complete Car Care, Free Change Auto, Reliable Automotive, New London Glass Works

    Location Insight

    • Map
    • Local Demand
    City
    New London
    County
    Huron
    State
    Ohio
    Longitude
    -82.3995902
    Latitude
    41.0857154

    Nearby Similar for Sale

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    • $139,900
      3,114 SF

      Turnkey Investment Property with Cash Flow

      Income-generating property with consistent returns and low-maintenance ownership.
      49 Railroad St, New London, OH 44851
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    FAQs

    What type of property is this?
    Auto shop - NNN leased auto shop with long-term tenant.
    Where is this auto shop located?
    The property is located at 19 N Main St New London, OH.
    What is the asking price?
    The asking price for this property is $345,000.
    What are key features of this property?
    This property features: - Guaranteed NNN lease through January 2029 by Genuine Parts Company (NAPA Auto Parts) with three 5-year options; - Substantial space: **12,789 SF on .588 AC**; - Seven overhead doors: 6 - 10’ x 10’ and 1 – 12’ x 12’
    (216) 470-4545
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    19 N Main St New London, OH 44851
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    New London, OH 44851
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    19 N Main St New London, OH 44851
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