2646 Hubbard RD new Save Request In-Person Tour Request Virtual Tour
Madison,OH 44057
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5139823
Construction Status Fixer
HOA Y/N No
Year Built 1952
Annual Tax Amount $9,028
Tax Year 2024
Lot Size 0.921 Acres
Acres 0.9213
Property Sub-Type Mixed Use
Property Description
Marquee location. FIVE unit rental opportunity in Madison Twp. Adjacent a major intersection on Rt 20 and Hubbard Road, this mixed unit, combined offering is an opportunity for aggressive portfolio expansion. Two parcels/ buildings offered together. A total of .92 acres near major traffic corner. Amazing opportunity to retro-fit and update the building, redesign the layouts, or even plan as a REDEVELOPMENT SITE with even stronger income potential. Large parking lot area with up to 18 spaces. The commercial building currently offers 4 units and a total space of 8400 square feet, with separate gas and electric. Owner pays for unified water/ sewer with the county, then historically collected on a pro-rata of usage from tenants. Residence is a three bed, one bath vintage home and garage. Extra service parking, shed for the commercial building, and single garage for the residence. Creative business owners and developers have the vision. Rare opportunity here. Rehab, rent, and hold for cash flow! Make plans for a future redevelopment of the total site.
Location
State OH
County Lake
Interior
Heating Forced Air,Gas
Cooling Central Air
Fireplace No
Exterior
Parking Features Asphalt,Driveway
Water Access Desc Public
Present Use Commercial,Mixed Use
Total Parking Spaces 18
Building
Sewer Public Sewer
Water Public
Construction Status Fixer
Schools
School District Madison Lsd Lake- 4303
Others
Tax ID 01-B-108-A-00-001-0
Acceptable Financing Cash
Listing Terms Cash