Excellent investment opportunity at 1108 S Water Street in Kent! This single-story brick retail building features two side-by-side units, offering existing rental income and an opportunity to lease the vacant space or establish your own business. Unit 1 generates $2,000 per month with a lease through December 2028. Unit 2 is currently vacant, providing flexibility for a new tenant or owner-user.
Located approximately 0.9 miles from Kent State University and close to McDonald's and other retail businesses, the property offers potential for a coffee shop or another retail concept, subject to applicable zoning and approvals.
Utilities are separately metered. Tenants are responsible for their utilities and general interior maintenance, including electrical, HVAC, plumbing, sewer, interior walls, fixtures, windows, and doors. Owner responsibilities include exterior and structural components, the roof and foundation, and snow plowing. Annual property taxes are $5,753, and insurance is $3,200. A great opportunity to expand your investment portfolio with rental income and additional leasing potential!
