Retail•Neighborhood Center•For Sale

Mix-Use Income Producing Property in Austinburg, Ohio

2773 State Route 307, Austinburg, Ohio 44010

Sale Price $419,000
Sale Type Investment
Zoning Commercial
Class C
Year Built 1890
Year Renovated 2005
Stories 2
Gross Bldg 10,560 SqFt
Land Area .34 Acres
Free-standing mix-use property for sale. Ideal for local investor that wants to own and operate this income producing property. Approximately $55,000 of gross annual income from three retail users and three apartment buildings. This two-story building is comprised of masonry and wood with vinyl siding. Built on a crawl space. Originally built in 1890, this historical building has approximately 8,160 SF of retail space on the first level and three 800 SF 2-bedroom/full bath loft apartments on the 2nd floor. Access to all the apartments are via the rear of the building and all tenants have separate gas, electrical, and water meters. Recent improvements include a brand new roof in April, 2019 with an assumable warranty. Added amenities to this property include being adjacent to Ashtabula Trailhead Metroparks owned and maintained by Ashtabula County Metroparks. Fantastic opportunity to own and operate a historical mix-use property. This is a quaint and family oriented area of Ashtabula County. Businesses and equipment of Shannon's Mini Mart and Skippy's Ice Cream and Sandwich Shop can be included separately in the sale upon negotiation. Tax returns, a rent roll, and equipment list can be provided for approved purchasers. Proof of funds is required for potential purchasers. 2773 St. Route 307, Austinburg, is located approximately 1/4 mile east of SR 45 and SR 307. From I-90, go south to SR 45 and then east at SR 307.
  • Multiple-Tenants include US Post Office, Shannon's Mini Mart, Skippy's Ice Cream, and 3 Apartments.
  • Income Producing Property
  • Historical Building Built in 1890
  • Adjacent to the Ashtabula Scenic Trail
  • All utilites present including public sanitary and public water.
10/29/2019 4:54:38 PM 1/10/2020 3:56:35 AM
Rick Osborne Jr.
Director of Commercial Real Estate
KW Commercial | Cleveland
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