20 Main St Rittman, OH 44270-1438
This exceptional 12,960 square foot executive office building, located at 20 S. Main Street in the heart of downtown Rittman, Ohio, presents a unique investment opportunity. Originally constructed in 1920 and beautifully renovated in 2014, the property boasts a blend of historic charm and modern functionality. The building comprises three levels: a ground floor of 5,752 square feet, a second floor of 3,604 square feet, and a finished basement of equal size (3,604 square feet). The ground floor features four offices, a conference room, a full kitchenette, and an ADA-compliant bathroom. The finished basement offers an additional four offices and two bathrooms. The property sits on a 0.75-acre lot and includes 21 parking spaces, supplemented by shared parking in the rear. Three covered drive-thru lanes are also present. Updated mechanical systems were installed during the 2014 renovation, along with a new roof and interior updates. Five bank vaults remain, offering potential for creative repurposing into additional office space. This vacant property is ideal for an owner-user seeking a prominent downtown location with ample space and unique features. The property's prime location in Wayne County, Ohio, and its substantial size make it an attractive prospect for a variety of businesses. The combination of historical character and modern amenities makes this a truly exceptional offering.
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
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.