For Sale
$199,000

516 High StOrrville, OH 44667

Retail & Rental Home, $199,000

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional mixed-use property in Orrville, Ohio presents a compelling investment opportunity. Located at 516 W High St, this offering encompasses two buildings on a 0.28-acre lot (APN 59-01396.000). The main structure, a 1949-built, single-story Class C retail building, boasts 1,852 square feet of versatile space. The layout includes a reception area, lobby, seven offices, storage rooms, and restrooms. Two separate entrances offer flexibility for potential division into multiple units. The retail building is currently vacant and features a newer roof. A second building, a 976-square-foot bungalow located at 338 Hall St, serves as a rental property. This two-bedroom, one-bathroom home includes a basement and is currently leased for $791 per month, with the tenant responsible for all utilities. The combined property offers a total of 3,804 square feet of space, presenting significant potential for income generation and value appreciation. The property's location in Orrville, Ohio, zip code 44667, provides convenient access to local amenities and transportation. This is a rare opportunity to acquire a well-positioned mixed-use property with immediate income potential and significant upside. The asking price is $199,000.

Highlights

  • Mixed-use property in Orrville, OH (44667), 0.28-acre lot (APN 59-01396.000).
  • 1,852 SF vacant Class C retail building (1949 construction) with newer roof, reception area, seven offices, storage, and restrooms; two separate entrances.
  • 976 SF two-bedroom, one-bathroom bungalow rental property at 338 Hall St, leased at $791/month, tenant pays all utilities.
  • Total 2,828 SF building area, offering significant income potential and value appreciation.
  • Asking price: $199,000.

Property Details for 516 High St

Property type
Retail properties, Office properties
Square Feet
3,804 SF
Class
C
Year Built
1949
Buildings
2
Stories
1
Lot Size (sq. ft)
12,197 SF

Location Insight

City
Orrville
County
Wayne
State
Ohio
Latitude
40.845526
Longitude
-81.7568253
516 High St, Orrville, Ohio

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516 High St
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