Listed by SVN Ascension Commercial Realty
$814,999
6195 Lewis Avenue
Details
APN 2300754
Property Type Mixed Use
Sub Type Office, Retail
Square Footage 8,280
Units 4
Cap Rate 7.74%
NOI $63,073
Occupancy 100%
Tenancy Multi
Lease Type Absolute NNN
Price per SqFt $98
Class B
Year Built 1976
Year Renovated 2025
Buildings 1
Stories 1
Acreage 1.170
Zoning 10-CR
Parking Spaces 42 spaces
Parking Per SqFt 5.07
Investment Type Stabilized
Ground Lease No
Mixed Use | 7.74% CAP | 8,280 SqFt
Marketing description
Improved Pricing! 100% occupied, 8,820 SF fully renovated, mixed use, building for sale adjacent to the Ohio/Michigan border. Building contains 3 units with current tenants including Sleeved Up Games, A1 Performance Training, and The Loaded Chicken. Situated 1/2 mile north of the signalized intersection of W Alexis Rd and Lewis Avenue, both 4 lane roads with turning lanes. W Alexis Rd features an excellent mix of national/local restaurants and retailers.
Investment highlights
- Current leases: Absolute NNN from 4/2026-5/2027, each has personal guarantee
- Fully Leased
- Plaza in excellent, completely renovated to new-like construction
- Upside potential opportunity upon lease renewal
- Great visibility with monument signage and easy access with 2 curb cuts
- New parking lot with 42 spots
- New roof, 15 year warranty
- New mechanicals with warranties
- Electric, gas, and water metered separately
- VPD's: Lewis Ave- 16,405 (24), W Alexis Rd- 20,847 (25)
Listing Contacts
Listed by SVN Ascension Commercial Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$63,073.00
$5,256.08/mo
Valuation Metrics
0
DSCR
7.74%
Cap Rate
7.74%
ROI
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