1530 Church StNewark, OH 43055

Property Details for 1530 Church St

Year built

1984

Lot size

0.25 AC

Property size (Sq ft)

1,750 SF

Property type

Office properties

Property subtype

Other office properties

APN

054-246918-00.003

APU

5424691800003

Description

This 1,750 square foot office condo in Newark, Ohio, presents a fantastic investment opportunity. Located at 1530 W Church St, 43055, this property offers a versatile layout ideal for a variety of businesses. The space includes four private offices, providing ample room for individual work or team collaboration. Two large conference rooms are perfect for meetings and presentations, while two in-suite restrooms and a full kitchenette add convenience and comfort. Three separate entrances enhance flexibility and accessibility. Built in 1984, the condo benefits from a convenient location with easy access to SR-16 and ample parking in an attached surface lot. The monthly condo association fee is $175. This property is classified as a Creative Office, Executive Office, and Traditional Office, making it suitable for a wide range of professional uses. The asking price is $225,000. This is a turnkey solution for businesses seeking a well-appointed and conveniently located office space in Licking County. The property's diverse features and strategic location make it an attractive option for both established businesses and startups. Don't miss this chance to acquire a valuable asset in a thriving Ohio market.

• CAP approach

  CAP return

  Valuation

  6%

  $332,810

  6.5%

  $307,209

  7%

  $285,266

• Comparable approach

  Method

  Valuation

  Relative Method

  $163,695

  Geo Method

  $163,695

• Alternative Use

  Use

  Valuation

  Residential

  $380,939

  Hospitality

  $348,938

  Educational

  $290,313

  Medical

  $300,297

  Retail

  $451,598

Location Insight

City

Newark

County

Licking

State

Ohio

Latitude

40.0585

Longitude

-82.4511

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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