Great Investment Opportunity in Tallmadge with Long-Standing Tenant!

339 Tacoma Avenue Tallmadge, OH 44278

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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.