Partially-Leased Office
For Sale
Contact for pricing
370 Cline Ave, Mansfield, OH 44907
Two demised office units totaling about 12,132 square feet, with a lower-level unit leased to a long-term medical tenant.
Property Size12,132 SF
Price / SF$98.91
Days on Market620
Property Features for 370 Cline Ave
General Information
Standard status
Active
Size
12,132 SF
Property subtype
OFFICE
Additional Details
Cap Rate
11.6%
Office Units
2
Building Details
Stories
2
Tenancy
Multi
Listing Agency:
Haring Realty, Inc.
(419) 756-8383
Listed By:
Nathan Neal, MAI
Source:
Moodyscre
Added: Nov 19, 2024
Changed: Jul 27
Last Checked: Aug 1 at 4:28AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Haring Realty, Inc.
Investment Insights
Based on property information with market context.
This partially-leased office building in the Mansfield Professional Colony is demised into two separate units, each approximately 6,066 square feet. The lower-level unit is currently leased to a long-term medical tenant. The upper-level unit is vacant and available for either occupancy by a new owner or for lease to a new tenant.
The property is offered for sale and includes financial information available to qualified buyers with a signed confidentiality agreement. The listing notes a projected/proforma capitalization rate of 11.6%.
The building’s configuration supports a split-use scenario, allowing an owner to benefit from existing lease income while retaining the ability to occupy or lease the vacant upper unit.
The property is offered for sale and includes financial information available to qualified buyers with a signed confidentiality agreement. The listing notes a projected/proforma capitalization rate of 11.6%.
The building’s configuration supports a split-use scenario, allowing an owner to benefit from existing lease income while retaining the ability to occupy or lease the vacant upper unit.
Key Highlights
- Partially leased office building in Mansfield Professional Colony, demised into two units
- Lower‑level unit (about 6,066 SF) leased to a long‑term medical tenant
- Upper‑level unit (about 6,066 SF) is vacant and available for owner occupancy or new lease
Property Analytics
Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
832
Businesses Nearby
Explore this area
Business Placement
Demographics for 44907, OH
15,014
Population
7,798
Households
1.9
Avg Household Size
44
Median Age
19%
College-Educated
91%
High-School Grad
7.8 sq mi
ZIP Area
1,925
Density / Sq Mi
$44,033
Median Household Income
$34,528
Median Earnings
$788
Median Rent
$130,400
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Two demised office units totaling about 12,132 square feet, with a lower-level unit leased to a long-term medical tenant.
Where is this office building located?
The property is located at 370 Cline Ave Mansfield, OH.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Partially leased office building in Mansfield Professional Colony, demised into two units; Lower‑level unit (about 6,066 SF) leased to a long‑term medical tenant; Upper‑level unit (about 6,066 SF) is vacant and available for owner occupancy or new lease
