Mansfield Commerce Center

246 E 4th St Mansfield, OH 44902

246 E 4th St, Mansfield, OH, 44902
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FOR SALE
Property Type:
Multi Tenant Office
Amount:
$1,500,000
Last Verified:
Nov 11, 2024

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Description

New authorized PRICE REDUCTION to $1,500,000! The Mansfield Commerce Center is a 480,000SF+ industrial building with countless opportunities. This versatile property can be used for cold storage, logistics & warehousing, manufacturing, general business and so much more. With the ability to meet a range of needs, this investment provides unparalleled flexibility and
convenience. Current gross annual income of $245,400 with potential for significant growth. Property situated in an Opportunity Zone.

Mansfield, Ohio, often referred to as the heart of Ohio, is a thriving and expanding small city nestled between two of the state's largest urban centers - Columbus and Cleveland. This strategic location provides Mansfield with a unique blend of small-town charm and big-city convenience, making it an attractive destination for families, businesses, manufacturing, and tourists alike.

One of Mansfield's most notable claims to fame is its role as the filming location for the iconic blockbuster film, "The Shawshank Redemption". The Ohio State Reformatory, a historic prison where much of the movie was filmed, has since become a must-visit spot for film buffs and history enthusiasts. With its towering, castle-like structure and fascinating history, the reformatory is just one example of the rich cultural heritage that Mansfield has to offer.

In the early 2000s, Mansfield earned a spot on the list of the top five best places to raise a family. This accolade is a testament to the city's strong sense of community, high-quality education system, and extensive range of recreational opportunities. From exploring the beautiful Kingwood Center Gardens to bird watching at the Ohio Bird Sanctuary, there's no shortage of family-friendly activities in Mansfield.

Today, Mansfield's civic leaders are actively working towards transforming the city into a hub for economic development and entrepreneurship. Their efforts are yielding promising results, with an increasing number of businesses choosing to set up shop in Mansfield. This influx of new businesses is not only boosting the local economy but also creating a wealth of opportunities for current and future generations of Mansfield residents.

The city's downtown area has been a primary focus of these revitalization efforts. Once a quiet, largely overlooked part of the city, downtown Mansfield is now bustling with activity. New restaurants, shops, and entertainment venues have popped up in recent years, infusing the area with a newfound vibrancy. The downtown revitalization project is a clear indication of Mansfield's commitment to progress and growth.

Mansfield, Ohio is a city that respects its past, appreciates its present, and is eagerly looking forward to its future. With its rich history, strong community spirit, and forward-thinking leadership, Mansfield is well on its way to becoming an even more vibrant and prosperous city.


Year Built: 1936
Building Size: 511414sq ft
Building Class: C
Lot Size: 283101.0 acres


Documents

Offering Memorandum - Mansfield Commerce Center

Map of 246 E 4th St, Mansfield, OH, 44902

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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.