Remarks

Fantastic investment opportunity bringing in $1,475/month! This versatile property is zoned B-3-general business & is in Plain Local School district. It houses a retail or office space, beauty salon, tax/bookkeeping service, & speech pathologist. The beauty salon has leased for 50 years & includes a spacious working area, 3 shampoo bowls, 5 chairs, remodeled half bath & updated kitchen. Tenant pays $600/month but projected rent for that space is $1,000/month. The tax service has leased for 26 years & includes 2 offices & a waiting room. Rent is $575/mo. The speech pathologist rents a 10.5' X 18.5' office in the basement for $300/month. There are 2 additional half baths in the lower level which all tenants use, one with new vanity & sink. The remaining additional approximately 1,585 sq. ft. is available & could be home for a retail shop, office or a variety of other options. It comes with display rooms or offices, a full bath, kitchen & utility room on the first floor & a second floor with bedroom & storage. Projected rent is $1,650/month. Owner pays utilities. There are 3 furnaces, 3 air conditioning units plus a window unit, & 1 hot water tank. Updates in last 18 months: new roof, fresh paint throughout, 9 new windows & lentils, new sidewalk, steps & handrail at all 3 entrances, awning at side entrance, picket fence, parking lot sealed & lined, and custom made stained glass window inserts. The retail shop/office space has new ceiling in main showroom, new lighting, new flooring, new kitchen counters, cabinets & refrigerator. Once fully leased, this terrific property has the potential to bring in over $3000/month. Plan to see this wonderful investment property soon!

Details

MLS#: 4479873
Price: $325,000

Style: Mixed Use
Sq Ft: 2667
Year Built: 1940

County: Stark
Subdivision: City/Canton
Tax Fee: 1977

School District: Plain LSD - 7615