Property summary
This exceptional mixed-use property in Ontario, OH, presents a compelling investment opportunity. Located at 1494 Park Avenue W, this 3,296 square foot building sits on a 0.51-acre lot in a high-visibility area, ensuring excellent exposure. The property is currently fully leased, providing immediate and consistent cash flow. Two commercial units are secured with three-year leases, guaranteeing stable income for the foreseeable future. The upper level features a fully updated residential apartment, currently owner-occupied, boasting a modern kitchen, new appliances, fresh paint, and new flooring. This versatile space offers a blend of residential and commercial zoning, maximizing potential uses and rental income. Ample parking is available on-site. The combination of strong rental income from long-term leases, a desirable location, and minimal maintenance requirements makes this property an ideal investment for those seeking a low-risk, high-return opportunity. The property's size and layout offer flexibility for future expansion or adaptation to changing market demands. This is a rare chance to acquire a turnkey investment property with proven profitability and significant long-term potential. The asking price is $284,900.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.