530 W Sophia St, Maumee, OH 43537 (MLS # 6125067)
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Nice 7.75% CAP Rate in a solid Commercial Investment in Maumee. Tenant is in 3rd yr. of a 5 yr. lease that runs through 4/1/2028. Current base rent is $9,300 per year, then bumps to $9,600 per yr. for last 2 yrs, beginning in 2026. Two 5 yr options to renew w/ CPI increase. TENANT RESPONSIBILITIES; RE taxes (Tenant reimburses landlord),property Insurance, all utilities, security, trash, janitorial & Common Area Maintenance. LANDLORD RESPONSIBILITIES; RE Tax payments (reimbursed by Tenant), foundation, ext. walls,glass,windows,doors,HVAC system,general elect. system,plumbing, ext.paint & roof.
| DAYS ON MARKET | 123 | LAST UPDATED | 4/3/2025 |
|---|---|---|---|
| YEAR BUILT | 1951 | COUNTY | Lucas |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| PRICE HISTORY | |
| Prior to Apr 3, '25 | $137,000 |
|---|---|
| Apr 3, '25 - Today | $120,000 |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater |
| BASEMENT | Crawl Space |
| HEAT | Electric, Forced Air, Natural Gas |
| PARKING | Parking Lot |
| STORIES | 1 |
| WATER | Public |
| ZONING | C-2 |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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Source MLS: MiRealSource
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