180 Main St Somerville, OH 45064-9576

Property Details for 180 Main St

Year built

1960

Lot size

0.22 lot acres

Property size

1,652 SF

Property type

Auto shops

APN

F2900-065.000-045

APU

F2900065000045

Description

This exceptional investment opportunity presents a 2,602 square foot Class C auto shop in Somerville, Ohio, currently generating $2,000 monthly passive income. Located at 180 S Main St, 45064, this property features two buildings on a 21,685 square foot lot with 30 parking spaces. The property includes three drive-in bays (one 12' clear height, two 10' clear height), newer overhead doors, a 9,000lb 2-post lift, compressor hookups, renovated offices with concrete floor armor, polished concrete service bays, and a newly poured parking lot. Recent renovations (2023) included fresh interior/exterior paint. A detached storage structure and additional adjacent vacant land parcels (each with street access) offer significant expansion potential. The current tenant, a state-certified towing company with over 10 years of operation, occupies the space under a gross lease. The property is zoned for commercial garage use and boasts 63 feet of Main Street frontage. The asking price is $225,000 ($86.47/sq ft), with an occupancy date of August 23, 2024. This turnkey operation provides a stable income stream and substantial upside for future development. A 30-day notice is required for existing tenants, if applicable.

Location Insight

City

Somerville

County

Butler

State

Ohio

Longitude

-84.6383

Latitude

39.5619

CBSA code

17140

CBSA name

CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments