224 E Main St
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224 E Main St
15,770 SF 51% Leased Office Building Ottawa, OH 45875 $449,000 ($28/SF) 4% Cap Rate
Investment Highlights
- First floor is all offices with an unfinished second floor
- Warehouse area of 1856 sqft with overhead door
- Second floor has it's own street entrance, elevator and rear entrance.
Executive Summary
Discover a prime commercial opportunity in downtown Ottawa, OH! This solid building features 7,770 sq. ft. of leased office space on the first floor, generating steady income. The unfinished second floor, with its own street entrance, elevator, and back entrance, offers limitless potential.
Enjoy the convenience of a spacious parking lot at the rear. Located within the DORA area and steps away from a new brewery, this property is perfectly positioned in a vibrant, high-traffic location.
The second floor is an ideal blank canvas for an entertainment or gaming venue, restaurant, retail or additional offices. The 1856 sqft of warehouse area with overhead door is great for storage or additional rental income. With updated mechanical systems throughout, this property ensures a sound investment.
Don't miss this unique chance to own a versatile commercial space in a thriving community. Contact us today to explore the possibilities!
Enjoy the convenience of a spacious parking lot at the rear. Located within the DORA area and steps away from a new brewery, this property is perfectly positioned in a vibrant, high-traffic location.
The second floor is an ideal blank canvas for an entertainment or gaming venue, restaurant, retail or additional offices. The 1856 sqft of warehouse area with overhead door is great for storage or additional rental income. With updated mechanical systems throughout, this property ensures a sound investment.
Don't miss this unique chance to own a versatile commercial space in a thriving community. Contact us today to explore the possibilities!
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
15,770 SF
Building Class
C
Year Built
1917
Price
$449,000
Price Per SF
$28
Cap Rate
4%
NOI
$17,970
Percent Leased
51%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,885 SF
Slab To Slab
11’
Building FAR
1.84
Lot Size
0.20 AC
Zoning
Office/Retail
Parking
20 Spaces (1.26 Spaces per 1,000 SF Leased)
Amenities
- Wheelchair Accessible
- Storage Space
- Central Heating
- Open-Plan
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 32-017110-0000 | Improvements Assessment | $73,960 |
| Land Assessment | $10,120 | Total Assessment | $84,080 |
PROPERTY TAXES
Parcel Number
32-017110-0000
Land Assessment
$10,120
Improvements Assessment
$73,960
Total Assessment
$84,080
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224 E Main St
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