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Property profile & analytics
FOR LEASE
Retail space

214 Mechanic St Waterville, OH 43566

645 SF 0.31 ac lot Built 1980
Entity Owned 3-yr Hold Free & Clear
Property ID
US66-1999984
Property summary
AI-generated overview

This exceptional 645-square-foot retail space, located at 214 Mechanic Street in Waterville, Ohio, presents a fantastic opportunity for a single-tenant business. Situated on a 0.31-acre lot, this property boasts convenient access via its location on Mechanic Street and its proximity to Anthony Wayne Trail. Built in 1980, the building is a single-story structure with a 200-amp power supply, ensuring ample power for most commercial needs. The property is zoned M-1 Industrial, offering flexibility for a variety of retail uses. The entire 645 square feet is currently vacant, providing immediate occupancy for a new tenant. The property's Lucas County location (APN 11034) offers easy access to local amenities and a strong customer base. This is an ideal space for a business seeking a well-located, readily available retail space in a thriving community. The property's size and location make it perfect for a variety of retail ventures. The single-tenant occupancy ensures complete control and flexibility for the lessee. This is a rare opportunity to secure a prime retail location in Waterville, Ohio. Don't miss out on this chance to establish your business in a desirable and accessible location.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1980
Total area 645 SF
Lot 0.31 ac (13,540 SF)
Zoning code 39-M1
APN 96-11034
UPID US66-1999984
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
W V P LLC · 3 yrs held
W V P LLC
since 2022
Last sale
$150,000
4 recorded transactions
2022
$150,000
2022
$150,000
2018
Price N/A
2013
$90,000
Zoning & alternative use
39-M1 · Waterville, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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