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$ 550,000
Est. payment /mo
New
1108 S Water Street Kent, OH 44240
3,250 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 3,250 sqft
Price per Sqft $169
MLS Listing ID 226041543
Annual Tax Amount $5,753
Lot Size 0.430 Acres
Lot Dimensions 0.43
Property Sub-Type Mixed Use
Source Columbus and Central Ohio Regional MLS
Property Description
Excellent investment opportunity at 1108 S Water Street in Kent! This single-story brick retail building features two side-by-side units, offering existing rental income and an opportunity to lease the vacant space or establish your own business. Unit 1 generates $2,000 per month with a lease through December 2028. Unit 2 is currently vacant, providing flexibility for a new tenant or owner-user.
Located approximately 0.9 miles from Kent State University and close to McDonald's and other retail businesses, the property offers potential for a coffee shop or another retail concept, subject to applicable zoning and approvals.
Utilities are separately metered. Tenants are responsible for their utilities and general interior maintenance, including electrical, HVAC, plumbing, sewer, interior walls, fixtures, windows, and doors. Owner responsibilities include exterior and structural components, the roof and foundation, and snow plowing. Annual property taxes are $5,753, and insurance is $3,200. A great opportunity to expand your investment portfolio with rental income and additional leasing potential!
Located approximately 0.9 miles from Kent State University and close to McDonald's and other retail businesses, the property offers potential for a coffee shop or another retail concept, subject to applicable zoning and approvals.
Utilities are separately metered. Tenants are responsible for their utilities and general interior maintenance, including electrical, HVAC, plumbing, sewer, interior walls, fixtures, windows, and doors. Owner responsibilities include exterior and structural components, the roof and foundation, and snow plowing. Annual property taxes are $5,753, and insurance is $3,200. A great opportunity to expand your investment portfolio with rental income and additional leasing potential!
Location
State OH
County Portage
Area 0.43
Rooms
Other Rooms None
Dining Room No
Interior
Equipment No
Laundry No Laundry Rooms
Others
Tax ID 17-012-20-00-177-000
Listed by Ibrahim B Al-Hejazin Signature Real Estate