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For sale is this fully rented, fabulous four-plex retail establishment in the heart of the world's largest Amish community, Berlin, Ohio. Per the Holmes County Chamber of Commerce, Berlin is the Number 1 tourist attraction in the state of Ohio bringing in more than 4,000,000 tourists per year.
The building was built in 2006 and there is a ten year warranty on all the heating and cooling units. The building is all brick, block and vinyl for low maintenance. The building is two floors totaling - 12,760 square feet. The parking lot is paved with plenty of parking for cars and buggies. This is a prime retail location with lots of tourist traffic as well as local traffic. Tourists and locals support the businesses throughout the year.
The building is 100% occupied and the tenants all have leases in place. Two of the leases are new: one for a three year term and the other for a five year term, with a third tenant wanting to renew early. The tenants are: Java Jo Coffee Bar, Coblentz Chocolates, Nature's Food Market and Artistic Alley. This is a prime retail location in Berlin, Ohio which is the world's largest Amish community and the number one tourist site in all of Ohio.
We are selling the building for $795,000.00. We are also offering the adjacent commercial retail complex, which is also fully occupied, in conjunction with the sale of this complex for an additional $200,000.00.
4860 E. Main St. = $795,000.00
4854 E. Main St. = $200,000.00
Total Sale = $995,000.00
Annual Income = $138,288.00
Yearly Property Taxes = $9,985.32
Yearly Property Insurance = $3,833.00
NOI = $124,469.68
CAP Rate = 15.66%
Please visit http://www.postlets.com/repb/6835891for further details and pictures of the property.
We have the rent roll and expense report available to serious, qualified buyers.
This is a fantastic investment to add to your portfolio. You won't want to let this one slip away.
Please call Molly: 330-275-2327 or Johannes: 330-763-3269 with further questions and details.