8 Maple StNorth Lewisburg, OH 43060

Property Details for 8 Maple St

Year built

1974

Lot size

0.35 AC

Property size (Sq ft)

2,132 SF

Property type

Retail properties

Property subtype

Banks

APN

H28-23-00-01-05-103-00

APU

H282300010510300

Description

This exceptional 4,264 square foot special purpose building, located at 8 W Maple Street in North Lewisburg, Ohio, presents a unique investment opportunity. Built in 1974 and extensively renovated in 2000 with further updates in 2022, this all-brick structure sits on a 15,246 square foot lot and boasts a prime location at the intersection of SR 559 and SR 245. The property is zoned B3 and is ideally suited for medical or professional offices. Features include a large blacktop driveway with approximately six off-street parking spaces, plus additional on-street parking. The main level offers a spacious lobby, several private offices, a break room, a secure vault, and a convenient drive-thru window. A full basement provides ample additional space, including a large open conference room, separate men's and women's restrooms, a storage room, a kitchenette, and a mechanical room. The building has been meticulously maintained and offers over 4,264 square feet of finished space. Its proximity to Marysville, Honda, Urbana, and Bellefontaine makes it highly accessible. The asking price is $525,000, translating to $123.12 per square foot. This property represents a compelling opportunity for a discerning buyer seeking a well-maintained, versatile commercial space in a thriving Ohio community.

• CAP approach

  CAP return

  Valuation

  6%

  $434,029

  6.5%

  $400,642

  7%

  $372,025

• Comparable approach

  Method

  Valuation

  Relative Method

  $502,557

  Geo Method

  $502,557

• Alternative Use

  Use

  Valuation

  Residential

  $337,956

  Hospitality

  $309,566

  Educational

  $257,556

  Medical

  $266,413

  Retail

  $400,642

Location Insight

City

North Lewisburg

County

Champaign

State

Ohio

Latitude

40.2233

Longitude

-83.5569

CBSA code

46500

CBSA name

URBANA, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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