1 Main St N Navarre, OH 44662
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.