Possibilities abound at this large, multi-unit, mixed-use commercial complex on a 1.7 acre lot on Richland Avenue. Two story complex includes five (5) spacious 2-BR apartments, currently rented for a total gross income of $4,075. Lower level has been home to thriving orthodontist practice and includes 6 offices, large reception area, break room and a huge open area that could include cubicles, conferencing areas, additional office spaces and/or room for hipster ping-pong table if that’s the kind of company you run! Current rent for this space is $2700/month and lease is up next year, though earlier vacancy possible. Lower level also includes a big unfinished area that could be developed into additional retail or office space. Once vacated, this large lower level is perfect for an owner-occupant or an investor looking to divide space and further maximize income. Property also features newly-paved lot with generous parking, on site-laundry, and potential for additional building site and outlot or split. Priced to sell!
View full listing detailsPrice: | $698,000 |
Address: | 485-487 Richland Ave. |
City: | Athens |
County: | Athens |
State: | Ohio |
Zip Code: | 45701 |
MLS: | 2428452 |
Year Built: | 1973 |
Acres: | 1.790 |
Lot Square Feet: | 1.790 acres |
Bedrooms: | 10 |
apnNumber: | A029090000400, A0290 |
cooling: | Central Air |
estimatedAnnualTaxes: | 13225 |
exteriorConstruction: | Brick |
foundation: | Slab on Grade |
heating: | Forced Air-Gas, Furnace-Gas |
interiorFeatures: | Flooring- Carpet, Flooring- Linoleum, Flooring- Vinyl |
listingStatus: | Pending |
listingStatus2: | AO-Sale Pending |
listingType: | ForSale |
officeFileNumber: | 91 |
propertyType2: | Commercial Building |
publicRemarksHeadline: | In-Town, Mixed-Use Commercial Opportunity |
utilities: | Water: City/Public, Natural Gas, Sewer: Municipal, Power: AEP |