111 7Th StMarysville, OH 43040

Property Details for 111 7Th St

Year built

1930

Lot size

0.06 AC

Property size (Sq ft)

1,620 SF

Property type

Retail space

APN

29-0007185.0000

APU

2900071850000

Description

This exceptional 1,620 square foot commercial property, located at 111 W 7th Street in Marysville, Ohio, presents a unique investment opportunity. Built in 1930 and situated on a 2,613.6 square foot lot, this special purpose building boasts a prime downtown location. Its strategic placement directly across from a new city parking lot, and adjacent to Partner's Park, the Library, and a splash pad, ensures high visibility and convenient access for customers. The asking price is $165,000, translating to $101.85 per square foot. The property features a recently updated roof, furnace, electrical panel, windows, and concrete slab, minimizing immediate maintenance needs. The interior is ready for build-out to suit a variety of commercial uses, allowing for customization to perfectly match your business requirements. This is an excellent chance to establish a presence in a thriving uptown community known for its vibrant events and strong local support. The single-unit building offers 1,620 square feet of net rentable space, providing ample room for operations. This location offers unparalleled visibility and accessibility, making it an ideal investment for a discerning buyer seeking a high-impact commercial space in a desirable Ohio location. The property's zip code is 43040, and it is located in Union County.

• CAP approach

  CAP return

  Valuation

  6%

  $329,797

  6.5%

  $304,428

  7%

  $282,683

• Comparable approach

  Method

  Valuation

  Relative Method

  $381,868

  Geo Method

  $381,868

• Alternative Use

  Use

  Valuation

  Residential

  $256,796

  Hospitality

  $235,224

  Educational

  $195,704

  Medical

  $202,434

  Retail

  $304,428

Location Insight

City

Marysville

County

Union

State

Ohio

Latitude

40.2341

Longitude

-83.3677

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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