EXCELLENT INVESTMENT OPPORTUNITY. This building pays for itself with a lease from Mercy Health. The listing is for the BUILDING only not the business. The property sits back off Niles-Cortland Rd. (shown as Main St. on auditor's site) bordering Mineral Ridge and Austintown. The clinic features a three-sided brick building with a wood back left intentionally for future expansion of building and parking. Updates include roof (5 years), sidewalk repair, HWT 2019, HVAC 1 of the 2 units has been updated, 3/4 of parking lot resurfaced. Building contains 6 exam rooms, 3 restrooms, lobby and reception area, staff office space, doctor's private office, lab areas and kitchen. Current lease with Mercy transfers to new landlord. Mo. income is $13.52/sq ft (2400) through April 2026. May 2027 increases to $13.79/sq ft. (2400). Renew options increase per year. Contract information provided from Mercy's leasing agent and per contract. Expenses include water, electric, gas, internet and maintenance. Lease increases by 2% per year based on anniversary date of the intial contract. Lease has been in place since April 2019.
Mineral Ridge is located in Ohio. Mineral Ridge, Ohio has a population of 3,987. Mineral Ridge is less family-centric than the surrounding county with 21.92% of the households containing married families with children. The county average for households married with children is 22.78%.
The median household income in Mineral Ridge, Ohio is $57,636. The median household income for the surrounding county is $50,258 compared to the national median of $69,021. The median age of people living in Mineral Ridge is 49.2 years.
The average high temperature in July is 83.4 degrees, with an average low temperature in January of 17.1 degrees. The average rainfall is approximately 38.2 inches per year, with 42.7 inches of snow per year.
