102 5th St, Mansfield, OH 44902
This 10,392-square-foot mixed-use building presents a compelling redevelopment opportunity in Mansfield, Ohio. Located at 102 E 5th St, this Class C property boasts a prime location within an I-1 zoned area, offering excellent visibility and accessibility. Built in 1941, the structure currently features a 50% occupancy rate with an existing tenant occupying a portion of the space. The building's layout includes two offices, a restroom, a showroom area, and substantial storage space. The property's single tenancy simplifies management and offers potential for significant value enhancement through renovation and lease-up. Its strategic location provides easy access to Route 30 bypass, ensuring convenient transportation links. The property is offered at an attractive asking price of $135,000, making it an ideal investment for owner-users seeking a redevelopment project with strong potential for return. The Richland County location and the 0270505801000 APN number further identify this unique property. This is a single-tenant, owner-user investment opportunity categorized as redevelopment. The property's zoning and location make it suitable for a variety of uses.
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.