COMMERCIAL 9-UNIT INVESTMENT PROPERTY — Sale in Willoughby, OH

  • Price: $1.7M
  • Listing type: For sale
  • Asset type: Business
  • Location: Willoughby, OH 44094
  • Size: 11,050 SF
  • Year built: 1998

Investment Figures

Cap rate
7.03%
Price per square foot
$154

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Rare opportunity with this meticulously maintained retail/office asset, located in the heart of Willoughby, OH business district. Situated directly across the street from a newly constructed national grocery, this 11,000+sqft property boasts nine units, occupied by six well established tenants and a newly signed lease from a current tenant. Most leases are in place through 2027. Plenty of room for improvement as current rents are at the low end of market, and can be transitioned into NNN leases. The majority of high ticket Capital Expenditures have already been done in the last five years with; new roof in 2022, HVAC units from 2017-2021, new front supports in 2023, parking lot in 2021. These opportunities do not come available very often in Willoughby, add to your portfolio today! Building SF: 11050 | Land Size: 0.81 Ac | Year Built: 1998 | Listing Type: FOR SALE

Market Context

This commercial property in Willoughby, OH is listed for sale at $1,700,000 across 11,050 SF ($154/SF). It is offered at an approximate 7.0% capitalization rate, a key benchmark for income-producing commercial property assets. The building dates to 1998. It has been on the market for 70 days. Compare it against other commercial property listings for sale in Willoughby, OH — view the full market.

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