108 Main St North Baltimore, OH 45872-1123
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.
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
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.