1360 N Main StreetMineral Ridge, OH 44440

Property Description

EXCELLENT INVESTMENT OPPORTUNITY.  This building pays for itself with a lease from Mercy Health.  The listing is for the BUILDING only not the business.  The property sits back off Niles-Cortland Rd. (shown as Main St. on auditor's site) bordering Mineral Ridge and Austintown.  The clinic features a three-sided brick building with a wood back left intentionally for future expansion of building and parking. Updates include roof (5 years), sidewalk repair, HWT 2019, HVAC 1 of the 2 units has been updated, 3/4 of parking lot resurfaced.  Building contains 6 exam rooms, 3 restrooms, lobby and reception area, staff office space, doctor's private office, lab areas and kitchen.  Current lease with Mercy transfers to new landlord.  Mo. income is $13.52/sq ft (2400) through April 2026.  May 2027 increases to $13.79/sq ft. (2400).  Renew options increase per year.  Contract information provided from Mercy's leasing agent and per contract.  Expenses include water, electric, gas, internet and maintenance.  Lease increases by 2% per year based on anniversary date of the intial contract.  Lease has been in place since April 2019.

Property Features

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