267 Main StJohnstown, OH 43031

Property Details for 267 Main St

Year built

1970

Lot size

0.95 AC

Property size (Sq ft)

13,667 SF

Property type

Assisted living facilities

Property subtype

Retirement homes

APN

053-178074-00.000

APU

5317807400000

Description

This exceptional mixed-use commercial property, situated at 267 N Main Street in Johnstown, Ohio, presents a unique investment opportunity. Spanning 27,334 square feet on a 0.95-acre lot, this two-story brick building boasts high visibility on North Main Street (Route 37), just north of OH62, ensuring excellent exposure to a high volume of traffic. Ample parking is available on-site. The property's strategic location offers easy access to New Albany, a mere 8-minute drive away, and the site of the Intel construction project. Previously occupied by Northview Senior Living Center, the building is currently vacant and offered in "AS IS" condition. The lower level exhibits mold. The property's substantial size and versatile layout lend themselves to a variety of potential uses, subject to obtaining the necessary zoning approvals. Examples include, but are not limited to, a school, call center, office building, federal building, senior living facility, rehabilitation center, or nursing home. This represents a significant price reduction, now listed at $1.2 million, making it an attractive proposition for developers and investors seeking a substantial property in a rapidly developing area.

• CAP approach

  CAP return

  Valuation

  6%

  $3,120,330

  6.5%

  $2,880,310

  7%

  $2,674,570

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,316,760

  Geo Method

  $1,316,760

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $5,585,570

  Retail / Commercial

  $2,818,780

  Mixed-Use / Specialty

  $2,772,900

  Hospitality / Lodging

  $1,987,740

  Office

  $2,719,110

  Institutional / Educational

  $2,869,900

  Residential Income

  $3,357,780

  Multifamily

  $4,225,780

  Automotive / Energy

  $2,459,910

  Parking / Income-Based Land

  $884,286

  Restaurant / Food Service

  $1,365,740

Location Insight

City

Johnstown

County

Licking

State

Ohio

Latitude

40.1584

Longitude

-82.6898

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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