38
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$350,000
Est. payment /mo
0.42 Acres Lot
New
874 E Aurora RD Macedonia, OH 44056
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UPDATED:
01/24/2025 03:49 PM
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5094178
HOA Y/N No
Year Built 1969
Annual Tax Amount $8,108
Tax Year 2023
Lot Size 0.420 Acres
Acres 0.4202
Property Description
Exceptional Investment Opportunity: Fully Leased Retail Center with Value-Add Potential in Thriving Macedonia!
This well-maintained multi-tenant strip center is a standout opportunity for investors seeking immediate cash flow with room to grow. Located in the high-demand market of Macedonia, Ohio, this property features 3 units with nearly 4000 rentable sq ft at a current 80% occupancy to established tenants that include a daycare and salon that are currently generating $2,850/month plus CAM fees. A vacant unit, ready for lease, offers additional income potential of $1,500/month plus CAM fees, bringing total pro forma income to $4,350/month.
Recent upgrades include a brand-new parking lot (2023) with 17 spaces, ensuring convenience for tenants and customers. Each unit is equipped with its own Trane furnace, inspected annually, as well as private hot water tanks and bathrooms. The owner also recently had a 30ft sewer scope performed to ensure there were no blockages. Seller does not know exact age of roof or mechanicals.
Zoned B-1 in the Convenience Business District, this property is located just moments off I-271, with 15,000-18,000 vehicles per day and over 60,000 vehicles traveling nearby on I-271. Surrounded by major national retailers like Starbucks, Hobby Lobby, Planet Fitness, Home Depot, Nordstrom Rack, and Pulp, this property offers prime visibility and accessibility for businesses.
Strategically located in Macedonia, a booming city with easy access to I-271 and Route 82, this property benefits from a median household income exceeding $100,000 and a growing population, making it a prime location for businesses. With stable income, modern infrastructure, and strong leasing potential, this is your chance to own a high-performing retail center in one of Northeast Ohio's most desirable markets.
This well-maintained multi-tenant strip center is a standout opportunity for investors seeking immediate cash flow with room to grow. Located in the high-demand market of Macedonia, Ohio, this property features 3 units with nearly 4000 rentable sq ft at a current 80% occupancy to established tenants that include a daycare and salon that are currently generating $2,850/month plus CAM fees. A vacant unit, ready for lease, offers additional income potential of $1,500/month plus CAM fees, bringing total pro forma income to $4,350/month.
Recent upgrades include a brand-new parking lot (2023) with 17 spaces, ensuring convenience for tenants and customers. Each unit is equipped with its own Trane furnace, inspected annually, as well as private hot water tanks and bathrooms. The owner also recently had a 30ft sewer scope performed to ensure there were no blockages. Seller does not know exact age of roof or mechanicals.
Zoned B-1 in the Convenience Business District, this property is located just moments off I-271, with 15,000-18,000 vehicles per day and over 60,000 vehicles traveling nearby on I-271. Surrounded by major national retailers like Starbucks, Hobby Lobby, Planet Fitness, Home Depot, Nordstrom Rack, and Pulp, this property offers prime visibility and accessibility for businesses.
Strategically located in Macedonia, a booming city with easy access to I-271 and Route 82, this property benefits from a median household income exceeding $100,000 and a growing population, making it a prime location for businesses. With stable income, modern infrastructure, and strong leasing potential, this is your chance to own a high-performing retail center in one of Northeast Ohio's most desirable markets.
Location
State OH
County Summit
Community Shopping
Rooms
Basement None
Interior
Heating Forced Air, Gas
Cooling Central Air
Fireplace No
Exterior
Parking Features Asphalt, Paved, Parking Lot
Community Features Shopping
Water Access Desc Public
Roof Type Flat,Membrane,Rubber
Present Use Office,Other,Retail,Vacant
Total Parking Spaces 20
Building
Sewer Public Sewer
Water Public
Schools
School District Nordonia Hills Csd - 7710
Others
Tax ID 3303507
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Listed by Erin Thomas • Keller Williams Living • Erinthomas@kwcommercial.com 440-670-2300