70 Park Ave W

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70 Park Ave W

Mansfield, OH 44902
Asking Price
$1.25M
Asset Type
Office
Class
Class B

What's Special

70 Park Ave W is a professional office property situated in the heart of downtown Mansfield, Ohio. The location is characterized by a blend of historic architecture and administrative hubs, positioned directly across from Central Park and the Mansfield-Richland County Public Library. Local amenities include the Richland Carrousel Park, several established eateries, and government offices such as the Richland County Courthouse. The site offers straightforward transportation access via State Route 13 and U.S. Route 42, providing connectivity to the broader North Central Ohio region. The property is suited for administrative, professional, or medical office use. Its proximity to municipal buildings and local courts makes it a practical choice for legal practices, insurance agencies, or government-affiliated services. The interior layout typically accommodates small to mid-sized firms seeking a central business district presence. Potential tenants often include established local service providers, non-profit organizations, or satellite offices for regional companies requiring a walkable, urban environment with visibility and easy access for local clientele.

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NOI
$80,000
Cap Rate
6.43%
DSCR
1.08
Tight
Cash-on-Cash
1.63%
Monthly Payment
$6,159.581
Annual Cash Flow
$6,085.032

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