Mansfield OH Real Estate & Commercial for Sale

Newly-renovated office for sale within the prestigious Sterkel Park development. Approximately 1,780 square feet, with an interior layout that includes a waiting room, conference room, breakroom, and six private offices. The buildings interior was significantly renovated in 2021 including updated bathroom/kitchenette, new flooring, drywall, lighting, and acoustic tile ceilings. Other users within the Sterkel Park development include a a variety of medical and professional office users including Sutton Bank, a pediatric dentist, and orthodontist. The development is also adjacent to the Shoppes at Sterkel, which includes the Old Bag of Nails restaurant.

Prime investment opportunity: 71,955 sf office building for sale! Modern design, strategic location and versatile spaces make it ideal for businesses of all sizes. Unlock the potential of this space beyond offices, envision a vibrant hub for innovation, a tech incubator, a collaborative co-working space or repurposed for educational institutions creating a campus-like atmosphere. Explore the versatility and endless possibilities tailored to your vision!

LOCATION, LOCATION, LOCATION! FOR LEASE, LEASE, LEASE! Located in one of Mansfield's most elite medical complexes. This highly sought after location is the perfect hub, to successfully work and serve. This unique property is situated back from a busy street. Surrounded by mature trees and beautiful landscaping, you'll love the seclusion!

**Please be discreet and do not disturb the ongoing business or employees** This is a fantastic opportunity for an I.R.S Section 1031 Like-Kind Exchange replacement property. The property is currently leased through the end of 2025 with two 2-year options, to Gentle Foot Care, LLC. The current base rent is $2,750 per month plus $733.59 per month in Taxes and Insurance. Net operating income is $33,000 offering a 9.4 cap rate. Beginning year 3 the lease contains 2% annual increases. Lease originated 01/01/2021 through 12/31/2025. Can be sold as a package with the 3255 E. Livingston location ($825,000). Strong tenant with over 13 locations in the State of Ohio. The parking lot will be resurfaced before the sale of this location.