108 Main St North Baltimore, OH 45872-1123
- Warehouses
- 2,618 SF
- 0.06 lot acres
Current Use by Public Records
- Warehouses
Property Details for 108 Main St
- Year built
- 1984
- Lot size
- 0.06 lot acres
- Property size
- 2,618 SF
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- F23-310-3502-11-021.000
- APU
- F23310350211021000
Description
This exceptional investment opportunity presents a 2,506 square foot bar located at 108-110 N Main St, North Baltimore, Ohio, 45872. The property, situated on a 0.05-acre lot (APN 02-40149-100), is zoned C (Commercial) and boasts a strong financial performance. Currently operating at 100% occupancy, the single-tenant bar enjoys a triple-net (NNN) lease, generating a substantial annual income of $32,640. The lease, in place until 2026, provides a stable cash flow with minimal landlord responsibilities. The building underwent renovations in 2017, ensuring modern amenities and functionality. The asking price is $630,000, representing a compelling 4.9% capitalization rate. Annual real estate taxes of $927 are paid by the building owner. This turnkey investment offers a secure and profitable addition to any portfolio, with the potential for future appreciation. The property's strong tenant history and favorable lease terms make it an attractive option for investors seeking a low-risk, high-return investment in a thriving commercial area. The current lease is for $1,920 per month. No lease renewal option is currently in place.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- North Baltimore
- County
- Wood
- State
- Ohio
- Longitude
- -83.6779
- Latitude
- 41.1818
- CBSA code
- 45780
- CBSA name
- TOLEDO, OH METROPOLITAN STATISTICAL AREA
