1494 Park W Ave Ontario, OH 44906-2719

Property Details for 1494 Park W Ave

Year built

1970

Lot size

0.51 lot acres

Property size

3,296 SF

Property type

Investment properties

Property subtype

Live-work space

APN

027-03-132-06-000

APU

270313206000

Description

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.

Location Insight

City

Ontario

County

Richland

State

Ohio

Longitude

-82.5696

Latitude

40.7601

CBSA code

31900

CBSA name

MANSFIELD, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments