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660 S Diamond St
Mansfield, OH 44907

Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Supermarket
Building Size
26,924 SF
Year Built
1968
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
2.50 AC
Zoning
Commercial
Parking
137 Spaces (5.09 Spaces per 1,000 SF Leased)
Frontage
516 FT on Diamond Street

About 660 S Diamond St , Mansfield, OH 44907

INVESTMENT UPSIDE: The two-tenant property is over 60% vacant, allowing for Store Sales an investor to add value by increasing occupancy. By adding a tenant to the vacant space at $5.00 psf, the Cap Rate increases to 17.5% at the asking price STRONG STORE SALES: Family Dollar has had $1.4 million+ in store sales the last three years. Would be willing to execute a 5 year extension with an incentive NEW ROOF: At just $38 PSF, the property is being sold far below replacement cost and has a 4 year old roof with an outstanding warranty APPROPRIATE ANCHOR TENANT: Family Dollar caters very well to the local demographic area. Historically, Family Dollar has constantly renewed its leases in stores with these sales and can be anticipated to remain an anchor for the area long-term TENANT INVESTMENT: Family Dollar recently applied for and was approved for alcohol sales at this location making it one of the first stores to supply alcohol company wide

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
028-90-041-04-000
Land Assessment
$28,460
Improvements Assessment
$381,620
Total Assessment
$410,080
  • Listing ID: 17810187

  • Date on Market: 11/25/2019

  • Last Updated:

  • Address: 660 S Diamond St, Mansfield, OH 44907

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