1637 Us Highway 36Urbana, OH 43078

Property Details for 1637 Us Highway 36

Year built

1989

Lot size

6.76 AC

Property size (Sq ft)

61,692 SF

Property type

Retail space

APN

K48-25-11-02-27-001-06

APU

K482511022700106

Description

This turnkey tanning salon opportunity in Urbana, OH's Scioto Square Plaza presents a unique chance to acquire a profitable, established business. Located alongside anchor stores like Kroger, Tractor Supply Company, and Anytime Fitness, this salon benefits from high visibility and foot traffic. A proposed 300+ home subdivision nearby promises further growth potential. Established in 2000, the salon boasts a loyal customer base and consistent revenue growth. The sale includes 19 state-of-the-art tanning beds (various wattages), a Pura sunless spray tan booth, two POS computers, product inventory, a security system, a Pandora music system with tablet, a washer/dryer, approximately 250 tanning bulbs, and business management software (Tan Track and TMax Manager). The friendly and knowledgeable staff are included, and the current owner will provide training and support for a smooth transition. This is a fantastic opportunity to own a well-established business at a fraction of the original start-up cost. Note: This sale includes only the business assets

• CAP approach

  CAP return

  Valuation

  6%

  $17,401,498

  6.5%

  $16,062,921

  7%

  $14,915,569

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,061,083

  Geo Method

  $3,061,083

• Alternative Use

  Use

  Valuation

  Residential

  $13,549,675

  Hospitality

  $12,411,429

  Educational

  $10,326,163

  Medical

  $10,681,296

  Retail

  $16,062,921

Location Insight

City

Urbana

County

Champaign

State

Ohio

Latitude

40.1035

Longitude

-83.7206

CBSA code

46500

CBSA name

URBANA, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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