240 W Cook Rd Mansfield, OH 44907

14,880 SF 3.67 ac lot Built 1974

Entity Owned 6-yr Hold ~ Est. High Equity

Property ID

US66-6284568

$1,300,000 14,880 SF

240 W Cook Rd, Mansfield, OH 44907
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This exceptional 13,021-square-foot medical office building in Mansfield, Ohio, presents a compelling investment opportunity. The two-story, fully ADA-compliant building, constructed in 1974, sits on a spacious 3.67-acre lot and boasts 56 parking spaces. Currently 100% occupied by two tenants (one a surgery center, the other a medical office) on a month-to-month lease, generating a substantial net operating income (NOI) of $233,684. The building features a first-floor medical office space of 7,478 square feet and a lower-level surgery center encompassing 5,543 square feet, including two operating rooms and a dedicated patient drop-off area. The property is zoned C and benefits from high visibility on Cook Road, with convenient access to SR 42 and I-71. Its prime location places it near amenities such as restaurants, banks, other medical facilities, The Woods at Possum Run Golf Course, Mansfield Christian Academy, OhioHealth, and Mansfield Hospital, all within the Mansfield MSA. The well-maintained building is significantly below replacement cost, making it an attractive acquisition for owner-occupants or investors seeking a strong return. The property includes one building with a total of two stories. The APN is 028-90-118-05-000. Asking price is $1,953,150.