809 Coshocton AveMount Vernon, OH 43050

Property Details for 809 Coshocton Ave

Year built

1985

Lot size

1.00 AC

Property size (Sq ft)

951 SF

Property type

Office properties

Property subtype

Other office properties

APN

66-05829.005

APU

6605829005

Description

This exceptional 1,053-square-foot professional office space is ideally situated at 809 Coshocton Avenue in Mount Vernon, Ohio, 43050. Priced at $89,500 ($85 per square foot), this property offers high visibility on Coshocton Avenue, benefiting from its proximity to a shopping center and other professional offices. Built in 1985, the space features numerous individual offices and a dedicated waiting area, providing ample room for a variety of professional uses. The building itself is part of a larger 14,000-square-foot office complex, offering shared common areas and the convenience of separately metered utilities. The property sits on a sizable 10,890-square-foot lot. As a member of the COPAC Association, the property benefits from a monthly association fee covering common area maintenance, exterior maintenance, and building maintenance, ensuring a well-maintained and professionally managed environment. This turnkey solution presents a fantastic opportunity for businesses seeking a well-located and functional office space in a thriving community. The net rentable area is 1,053 square feet, mirroring the total square footage. This is a rare opportunity to acquire a well-established office space in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $180,858

  6.5%

  $166,946

  7%

  $155,022

• Comparable approach

  Method

  Valuation

  Relative Method

  $88,957

  Geo Method

  $88,957

• Alternative Use

  Use

  Valuation

  Residential

  $207,013

  Hospitality

  $189,623

  Educational

  $157,764

  Medical

  $163,190

  Retail

  $245,411

Location Insight

City

Mount Vernon

County

Knox

State

Ohio

Latitude

40.3995

Longitude

-82.4611

CBSA code

34540

CBSA name

MOUNT VERNON, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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