107 S. Ridge St. for sale
September 14, 2023 at 2:04 a.m.
The commercial property at 107 S. Ridge St., across the street from the Rye Ridge Shopping Center, is on the market, listed by Houlihan Lawrence for $1,995,000.
Built in 1968, this single tenant building is 4,952 square feet with eight parking spots onsite.
The current tenant, Miller’s Cleaners, has a lease and has been paying a reduced rent from the original lease since the pandemic. The original lease was signed Nov. 1, 2010, and it runs through Oct. 31, 2028. As part of the rent concession, the current owner/landlord now has the right to terminate the lease with 60 days’ notice.
The current building taxes are approximately $22,684 per year, paid by the tenant, in addition to the tenant paying all other expenses associated with the property.
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