240 Cook RdMansfield, OH 44907

For Sale
$1,953,150

13,021 SF Medical Office, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional 13,021-square-foot medical office building in Mansfield, Ohio, presents a compelling investment opportunity. The two-story, fully ADA-compliant building, constructed in 1974, sits on a spacious 3.67-acre lot and boasts 56 parking spaces. Currently 100% occupied by two tenants (one a surgery center, the other a medical office) on a month-to-month lease, generating a substantial net operating income (NOI) of $233,684. The building features a first-floor medical office space of 7,478 square feet and a lower-level surgery center encompassing 5,543 square feet, including two operating rooms and a dedicated patient drop-off area. The property is zoned C and benefits from high visibility on Cook Road, with convenient access to SR 42 and I-71. Its prime location places it near amenities such as restaurants, banks, other medical facilities, The Woods at Possum Run Golf Course, Mansfield Christian Academy, OhioHealth, and Mansfield Hospital, all within the Mansfield MSA. The well-maintained building is significantly below replacement cost, making it an attractive acquisition for owner-occupants or investors seeking a strong return. The property includes one building with a total of two stories. The APN is 028-90-118-05-000. Asking price is $1,953,150.

Highlights

  • 13,021 SF freestanding medical office building with a 7,478 SF first-floor medical office and a 5,543 SF lower-level surgery center.
  • Surgery center features two operating rooms and a dedicated patient drop-off.
  • Abundant on-site parking is available.
  • Two-story, fully ADA-compliant building with elevator.
  • Conveniently located near The Woods at Possum Run Golf Course, Mansfield Christian Academy, OhioHealth Mansfield Hospital, and the Ohio State Reformatory, within the Mansfield MSA.
  • Well-maintained building priced significantly below replacement cost.

Property Details for 240 Cook Rd

Property type
Other office properties, Medical offices
Square Feet
13,021 SF
Class
C
Year Built
1974
Buildings
1
Stories
2
Lot Size (sq. ft)
159,865 SF

Location Insight

City
Mansfield
County
Richland
State
Ohio
Latitude
40.732938947853
Longitude
-82.525431166234
240 Cook Rd, Mansfield, Ohio
Leaflet | © OpenStreetMap contributors

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240 Cook Rd
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