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Property profile & analytics
FOR SALE
Strip malls

1 Main St N Navarre, OH 44662

4,224 SF 0.22 ac lot Built 2007
Entity Owned 7-yr Hold Absentee Owner Free & Clear
Property ID
US66-1915486
1 Main St N, Navarre, OH 44662 For Sale
$489,900 4,224 SF
1 Main St N, Navarre, OH 44662
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Property summary
AI-generated overview

This exceptional retail property, located at 1 Main Street N in the heart of historic downtown Navarre, Ohio, presents a compelling investment opportunity. The all-brick strip plaza boasts a total of 4,233 square feet of retail space, strategically situated on a 0.22-acre lot at the highly visible corner of Route 21 (N. Main St) and Route 62 (Canal St. W). The plaza is comprised of three identical units, each measuring 1,208 square feet. Currently, two of these units are occupied by established tenants, generating consistent rental income. The third unit is available for immediate occupancy, offering a blank canvas for a new business venture. Its previous use as a pizza shop suggests a variety of potential food service or retail applications. The property's prime location within the bustling downtown area ensures high foot traffic and excellent visibility, making it an ideal investment for both seasoned investors and new market entrants. The asking price for this well-maintained, high-traffic retail center is $404,900. This represents a significant opportunity to acquire a profitable retail property in a thriving Ohio community. The property's strong location and existing tenancy make it a low-risk, high-reward investment prospect.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2007
Construction BRICK
Total area 4,224 SF
Lot 0.22 ac (9,601 SF)
APN 12-00497
UPID US66-1915486
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Adcp LP · 7 yrs held
Adcp LP
since 2018
2 recorded transactions
2018
$340,000
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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