347 Main StUtica, OH 43080

For Sale
$1,000,000

High-return, multi-tenant retail investment.

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional investment opportunity presents a stabilized, value-add multi-tenant retail property located at 347 S Main Street, Utica, OH 43080. The property encompasses a 1.808-acre triangular parcel with 296 feet of frontage on Rt. 13 (Main St.), conveniently situated just south of Rt. 62 in the thriving Licking County market. The complex consists of two one-story buildings totaling 10,427 net rentable square feet, currently housing six businesses operating at 100% occupancy. The property features a billboard generating additional income. Two tenants are currently utilizing, or in the process of installing, drive-up windows, enhancing operational efficiency and customer convenience. Built in 1945, this property offers significant upside potential. The asking price is $1,000,000, translating to $95.90 per square foot. The property's strong tenant base and prime location in a high-growth area make it an attractive investment for discerning buyers seeking a stable, high-yield return. The lot size is 78,408 square feet. Please note: Do not disturb tenant businesses.

Highlights

  • 1.08-acre, two-building retail property totaling 10,427 net rentable square feet, located at 347 S Main Street, Utica, OH 43080.
  • Six-tenant retail complex with 100% occupancy, generating additional income from a billboard.
  • Prime location with 296 feet of frontage on Rt. 13 (Main St.), just south of Rt. 62.
  • Two tenants have, or are installing, drive-thru windows.
  • Asking price: $1,000,000 ($95.90/SF).

Property Details for 347 Main St

Property type
Other specialty properties, Other retail properties
Square Feet
9,218 SF
Year Built
1945
Buildings
2
Stories
1
Units
6

Location Insight

City
Utica
County
Licking
State
Ohio
Latitude
40.2285994
Longitude
-82.4523183
347 Main St, Utica, Ohio

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347 Main St
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