Great Investment Opportunity in Tallmadge with Long-Standing Tenant!

339 Tacoma Avenue Tallmadge, OH 44278

339 Tacoma Avenue, Tallmadge, OH, 44278
339 Tacoma Avenue, Tallmadge, OH, 44278 339 Tacoma Avenue, Tallmadge, OH, 44278
FOR SALE Incentives
Property Type:
Multi Tenant Office
Amount:
$199,000
Last Verified:
Aug 22, 2017

Highlights

  • Sale Price: $199,000
  • Price Per SF: $49.75
  • Cap Rate: 9.17%
  • Available Space: 4,000 SF
  • Acres: 0.83
  • Frontage: 161 Feet
  • Depth: 225 Feet
  • # of Buildings / Stories / Units: 1 / 1 / 1
  • Year Built / Renovated: 1973 / 2006
  • Parcel#: 6001129, 6001128
  • Parking: Ample
  • Restrooms: 2

Description

- Well maintained building.
- 10 year lease in place with tenant.
- Great Investment opportunity.
- Currently a 9.17% Cap Rate.
- 8 Years Remaining on Lease.
- Solid Tenant, Dog Boarding/Grooming Business

1 Mile from Tallmadge Circle and State Route 91


Year Built: 1973
Building Size: 4000.0sq ft
Building Class: B
Lot Size: 0.83 acres

Map of 339 Tacoma Avenue, Tallmadge, OH, 44278

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Real Estate Incentives (What is this?)
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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.