Property summary
This single-tenant, triple-net (NNN) leased industrial property presents a compelling investment opportunity. Located at 947 W Longview Ave, Mansfield, OH 44906, this 8,820-square-foot flex/warehouse building sits on a 1.15-acre lot and boasts excellent visibility and access from Route 30, including frontage and signage. The building, constructed in 1970, features a mix of forced air and radiant heating systems, on-grade doors, and attractive office space. The property includes a fenced-in half-acre lot and a driveway easement with the neighboring property owner. Currently 100% occupied by Standard Plumbing under a lease extending through December 2026 with renewal options, this property offers a strong net operating income (NOI) of $53,550, resulting in an attractive 8.65% capitalization rate. The asking price is $619,000, translating to $70.18 per square foot. The property is zoned I1 and features one building with one story. The parcel includes APNs 0270400404000, 0270400403000, and 0270400405000. This is a confidential sale
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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