550 Hebron RdHeath, OH 43056

Property Details for 550 Hebron Rd

Year built

1962

Lot size

0.67 AC

Property size (Sq ft)

4,860 SF

Property type

Retail properties

Property subtype

Other automotive properties

APN

030-088452-00.000

APU

3008845200000

Description

This exceptional 4,860 square foot mixed-use commercial property, situated on a 0.67-acre lot at 550 Hebron Road in Heath, Ohio, presents a unique investment opportunity. Previously utilized as a car lot, car wash, and automotive retail store, this property offers significant flexibility for a variety of commercial uses. Its prime location ensures high visibility and accessibility, making it an attractive option for businesses seeking a strong presence in the thriving Heath market. The expansive paved area provides ample parking for customers and employees. A notable feature is the convenient right-of-way at the rear of the property, offering access behind the adjacent Arby's restaurant. This access point adds to the property's versatility and potential for expansion or modification to suit specific business needs. The property's history as a successful automotive center demonstrates its suitability for similar ventures, while its adaptable layout allows for a wide range of alternative commercial applications. The asking price is $750,000. This is a rare chance to acquire a well-located, adaptable commercial property with significant potential for growth and return on investment in a dynamic business environment. The property's size and location make it an ideal candidate for redevelopment or repurposing to meet the demands of a modern commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $1,358,664

  6.5%

  $1,254,151

  7%

  $1,164,569

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,145,603

  Geo Method

  $1,145,603

• Alternative Use

  Use

  Valuation

  Residential

  $1,057,923

  Hospitality

  $969,052

  Educational

  $806,240

  Medical

  $833,968

  Retail

  $1,254,151

Location Insight

City

Heath

County

Licking

State

Ohio

Latitude

40.0372

Longitude

-82.4295

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].