745 East Main/ Route 20 Geneva Emporium
Store front and Garage with a car lot can grandfather in! Upstair apartment with tenants!
Marketing description
Discover Your Next Great Investment: Prime Commercial Property & Established Dealership on Route 20!
Seize an unparalleled opportunity to own a significant commercial property at 745 East Main Street, Geneva, Ohio. This expansive 1.3-acre commercial parcel, located directly on high-traffic Route 20 in Geneva Township, is currently operating as a successful car dealership.
What makes this opportunity stand out?
- Strategic Location: Positioned on a prime commercial thoroughfare, the property enjoys excellent visibility and high-volume traffic accessibility.
- Exclusive Market Advantage: Benefit from local zoning, which prohibits new car dealerships within Geneva city limits, ensuring reduced competition for your business.
- Turnkey Business & Property: This isn't just a real estate purchase; it's a chance to acquire the ownership of an established car dealership.
- Generous Space: The property boasts over 13,000 square feet of built space, providing ample room for a showroom, offices, and service areas.
Property Details:
- Year Built: 1950
- HVAC: Forced air heating and wall/window unit cooling
- Utilities: Public water and sewer connections
- Parking: Ample asphalt parking lot
- Taxes: 2024 property taxes were $5,291
Your Investment:
Offered at $325,000, this active listing is a sound and promising investment. The property, owned by 745 East Main LLC, represents a massive value add.
Don't miss this unique opportunity to step into a thriving market with a significant competitive edge!
Contact Jim Sivalon with Platinum Real Estate for more information!
Investment highlights
Executive Summary
High-Yield Value-Add Opportunity | 15.89% Stabilized Pro Forma Cap Rate | Route 20 Corridor
Platinum Real Estate is pleased to present 745 East Main Street, Geneva, Ohio—a premier multi-unit commercial asset priced for immediate liquidation at $325,000. Offering an incredibly low cost-per-square-foot basis for the submarket, this massive 13,000+ SQFT facility sits on a high-visibility 1.3-acre parcel directly along the heavily trafficked Route 20 commercial corridor in Geneva Township.
Featuring a versatile mix of automotive, commercial, and residential units, this property yields a Gross Potential Income of $67,620 annually. This listing represents an exceptional, cash-flowing acquisition for standard investors or an expansive canvas for an owner-user looking to occupy premium commercial infrastructure while collecting passive revenue from day one.
Investment Highlights
- Incredible Pricing & Value Basis: Drastically reduced to $325,000 for over 13,000 SQFT of built space on 1.3 prime acres—securing a recession-proof entry point.
- Massive Cash-Flow Potential: Positions investors to capture a raw Pro Forma NOI of $58,420 (17.98% Cap Rate) or a heavily conservative, fully stabilized NOI of $51,658 (15.89% Cap Rate) factoring in a full 10% operational vacancy/maintenance buffer.
- Exclusive Regulatory Moat: Benefit from local Geneva Township zoning, which enjoys a distinct competitive advantage over city-limited properties where new automotive use is restricted.
- Turnkey Infrastructure & Exposure: Features dominant Route 20 frontage, an expansive asphalt parking lot, massive clear-span service bays, dedicated showroom areas, administrative offices, and high-visibility signage placement.
- Low Carrying Overhead: Predictable fixed costs with 2024 annual property taxes established at just $5,291.
Financial Breakdown & Pro Forma
Annual Rental Revenue Model (Fully Occupied)
Net Operating Income (NOI) Projections
Property Specifications
- Address: 745 East Main Street, Geneva, OH 44041
- Submarket: Ashtabula County / Geneva Township
- Total Building Size: 13,000+ SF
- Total Land Size: 1.30 Acres
- Year Built: 1950 (Extensive legacy infrastructure)
- Utilities: Public Water & Public Sewer connections
- HVAC: Forced Air Heating / Wall & Window Unit Cooling
- Parking: Expansive asphalt lot with heavy axle-load capabilities
Broker Contact Info
Jim Sivalon
Platinum Real Estate
Contact today to receive additional due diligence materials, schedule a private on-site inspection, or submit a Letter of Intent (LOI).
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