56 Stower Ln Norwalk, OH 44857-2657

Property Details for 56 Stower Ln

Year built

2007

Lot size

1.26 lot acres

Property size

10,780 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

52-160D-01-024-0201

APU

52160D010240201

Description

This exceptional investment opportunity presents a five-tenant retail strip mall ideally situated in Norwalk, Ohio. The property boasts a total of 1.26 acres and features four strong, established tenants all operating under favorable Net Net Net (NNN) leases, minimizing landlord responsibilities. These tenants include a popular pizza restaurant (East of Chicago Pizza), a well-known financial services firm (Edward Jones), and two thriving oral surgery practices. The oral surgery practices have recently invested over $500,000 in improvements within the last two years, demonstrating their commitment to the location and long-term success. A significant advantage is the inclusion of a prominent monument sign on Route 250, ensuring high visibility and attracting potential customers. Currently, one in-line space of 1,496 square feet is vacant, presenting a unique opportunity for an owner-occupant or an investor seeking to increase rental income. While not currently marketed, this space is easily rentable given the property's prime location and existing tenant strength. This property offers a compelling combination of stable income from existing tenants and significant upside potential from leasing the vacant space, making it an attractive investment for both owner-occupants and investors seeking a strong return on investment. The property's location and tenant mix create a robust and desirable investment opportunity.

Location Insight

City

Norwalk

County

Huron

State

Ohio

Longitude

-82.6068

Latitude

41.2686

CBSA code

35940

CBSA name

NORWALK, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments