111 W Main St. | 108-111 W Main St
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111 W Main St. 108-111 W Main St
5,526 SF Retail Building Medway, OH 45341 £394,215 (£71/SF) 8.66% Net Initial Yield
Investment Highlights
- Fully Leased Restaurant Retail
- Ample Parking Across Two Lots
- 3,403 SF Restaurant with Outdoor Seating
- Potential Rental Property Included Across Street
Executive Summary
With significant enhancements and building upgrades made in the last few years, this building is perfect for a new investor or someone looking for a more hands-off opportunity. Rent is $3600/Month NN.
In addition to its inviting ambiance, the restaurant has undergone significant upgrades, including new flooring and other aesthetic improvements. All equipment and furniture are owned outright, with most equipment being less than three years old, ensuring modern and efficient operations. The property also includes a large parking lot across the street.
Additional Rental Opportunity on parcel across the street. Currently used for storage, the vacant building could house a business on the first floor and a residential space on the second floor.
In addition to its inviting ambiance, the restaurant has undergone significant upgrades, including new flooring and other aesthetic improvements. All equipment and furniture are owned outright, with most equipment being less than three years old, ensuring modern and efficient operations. The property also includes a large parking lot across the street.
Additional Rental Opportunity on parcel across the street. Currently used for storage, the vacant building could house a business on the first floor and a residential space on the second floor.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,526 SF
Building Class
C
Year Built
1900
Price
£394,215
Price Per SF
£71
Net Initial Yield
8.66%
NOI
£34,128
Tenancy
Single
Number of Floors
2
Building FAR
0.27
Land Acres
0.47 AC
Zoning
B-2
Parking
30 Spaces (5.43 Spaces per 1,000 SF Leased)
Frontage
46 ft on W Main St
Amenities
- 24 Hour Access
- Restaurant
- Signage
- Tenant Controlled HVAC
- Waterfront
- Storage Space
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £76,236 | |
| Land Assessment | £9,480 | Total Assessment | £85,716 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£9,480
Improvements Assessment
£76,236
Total Assessment
£85,716
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David Nianouris -
Howard Hanna Real Estate Services
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111 W Main St. | 108-111 W Main St
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