223 Northwest Avenue

Description

Rent-free office opportunity! Purchase this attractive multi-tenant office building, occupy your own rent-free office and collect rental income from the other five offices! Located on semi-suburban Northwest Avenue, one of eight connector roads feeding Tallmadges historic traffic circle (over 30K vehicles/day on the circle), this property is zoned C-3 General Commercial. The building has very good visibility and abundant parking both on the driveway and in the rear. Built as a residence in 1936, the building was converted to commercial office use. Long term tenants include an insurance agency that leases one of the two main floor office suites and an attorney who rents the other main floor office suite. Accessible from the rear of the building are four offices upstairs, each of which share the restroom upstairs. Historically, these upstairs offices have had minimal vacancies and are rented month to month. The property and building are well-maintained and require minimal management effort. The buildings AGI is $22,836