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506 N Main Street

Niles, OH 44446
  • $199,000
  • STATUS: Active
  • ON SITE: 12 Days
  • MLS #: 5241084
$199,000
  • 0
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1900
County:
Area:

School Ratings & Info

School District:

Description

Prime Niles Investment Opportunity with Rental Income Amazing business and investment opportunity in a great Niles location with plenty of street traffic and excellent visibility! This established property was home to a well-known barber shop for many years and holds a special place in the community. The property offers multiple income-producing opportunities, making it an excellent option for an owner-operator or investor. Established commercial space formerly used as a barber shop Additional rental space generating $600/month Second-floor 2-bedroom apartment with full bath generating $300/month Separate utilities for all units Three furnaces, including one located in the attic serving the apartment Two hot water tanks, with one serving the rental space and apartment Great Niles location with high street visibility and traffic With a combination of commercial space and existing rental income, this property offers flexibility and strong potential for an investor looking to build income through real estate. Don’t miss this unique investment opportunity! Call today for more information or to schedule a showing.

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www.clevelandhomefinder.com/homes/180721842
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506 N Main Street Niles, OH 44446

  • Price: $199,000
  • Status: Active
  • On Site: 12 Days
  • MLS #: 5241084
0
Beds
0
Baths
0
½ Baths
0.2
Acres
1900
Built
County:
Trumbull
Area:
Niles
School District:
Niles Csd - 7818
Property Description
Prime Niles Investment Opportunity with Rental Income Amazing business and investment opportunity in a great Niles location with plenty of street traffic and excellent visibility! This established property was home to a well-known barber shop for many years and holds a special place in the community. The property offers multiple income-producing opportunities, making it an excellent option for an owner-operator or investor. Established commercial space formerly used as a barber shop Additional rental space generating $600/month Second-floor 2-bedroom apartment with full bath generating $300/month Separate utilities for all units Three furnaces, including one located in the attic serving the apartment Two hot water tanks, with one serving the rental space and apartment Great Niles location with high street visibility and traffic With a combination of commercial space and existing rental income, this property offers flexibility and strong potential for an investor looking to build income through real estate. Don’t miss this unique investment opportunity! Call today for more information or to schedule a showing.
Exterior Features

Attached Garage YN No Parking Features Additional Parking Asphalt Parking Total 17 Roof Asphalt Fiberglass Waterfront YN No

Interior Features

Basement Full Unfinished Walk- Out Access Basement YN Yes Building Area Total 1720 Building Features Private Restrooms Cooling Ceiling Fan(s) Window Unit(s) Wall Unit(s) Cooling YN Yes Foundation Details Basement Block Heating Forced Air Gas Heating YN Yes Main Level Bathrooms 0

Property Features

Current Use Commercial Retail Property Sub Type Retail Sewer Public Sewer Special Listing Conditions Estate Tax Annual Amount 1709 Township Niles Water Source Public

 
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Howard Hanna
8396 Mentor Ave.
Mentor OH, 44060