241 State St Salem, OH 44460

This exceptional mixed-use investment opportunity presents a fully leased, three-story building at 241 E State St, Salem, OH 44460. The 7,347 square foot property, built in 1930, boasts a compelling blend of commercial and residential space, currently operating at 100% occupancy. The ground floor comprises a leased retail storefront, formerly known as the Salem Trading Post, offering excellent street-level visibility and access. Above, the second floor features two separately rented apartment units, while the third floor houses a single studio apartment. The building benefits from convenient front parking and additional public parking directly across the street. With four tenants currently in place, this property provides a stable income stream, offering a price per square foot of $32.12 and an asking price of $236,000. The property is zoned for commercial use and includes a full basement, adding further potential for expansion or adaptation. This is a rare chance to acquire a well-maintained, historically significant building in a thriving downtown location. The strong tenancy and high occupancy rate make this an attractive investment for both seasoned and new investors seeking a stable and profitable venture. The property's versatile layout and prime location offer significant long-term growth potential.