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408 Devon Place
Kent, OH 44240
Asking Price
$500K
Asset Type
Traditional Office Office
Class
Class B
What's Special
6,647 SF One Stroy Office Building - For Sale <ul><li>One story building consisting of 6,647 SF</li><li>Built in 1996</li><li>Easy Access to I-76, SR 261 & Kent State University</li><li>Zoning – C - Commercial District, offering a broad range of business uses</li><li>25 surface parking spaces</li><li>Permitted Uses: Banks & Financial</li><li>Institutions, Banquet Halls, Restaurants (including: Bar, Tavern, Night club), Retail, Drive-thru convenience & beverage, Libraries, Recreational Facilities Schools</li></ul>
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NOI
$80,000
Cap Rate
16.00%
DSCR
2.69
Strong
Cash-on-Cash
33.54%
Monthly Payment
$2,473.727
Annual Cash Flow
$50,315.274
