Listed by Signature Associates
$1,100,000
301 River Road
Details
APN 43-126-003, 004, 007; 12801, 12807, 12814
Property Type Retail, Office
Sub Type Executive Office, Commercial
NOI $80,134
Year Built 1836
Year Renovated 2013
Stories 3
Acreage 0.470
Zoning C-3 – Uptown Commercial District
Parking Spaces 40 spaces
Retail
Investment highlights
- This former Governor’s Inn is the oldest commercial building in Lucas County. It was listed in 1974 on the National Register of U.S. Historical Places. The building is significant for its architectural contributions to the area. The property reflects the designs and style of its time, showcasing the historical context of the region.
- Fully occupied retail/office investment property. The first-floor retail space comprises of a restaurant, bar, coffee shop, and a full kitchen. The third-floor office space is leased to a national wealth advisor with multiple offices and a partnership with Wall Street.
- The second-floor space is currently being used by the seller as an event center and seats approximately 120; it is newly carpeted and has a dance floor. If agreed to with the seller, the new owner can operate the event center or lease it out.
- Features include an elevator, new patio, and updated parking lot. The seller has also painted and tuck and pointed the entire building.
Listing Contacts
Listed by Signature Associates
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$80,134.00
$6,677.83/mo
Valuation Metrics
0
DSCR
7.28%
Cap Rate
7.28%
ROI
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