5075 Union StSouth Bloomfield, OH 43103

Property Details for 5075 Union St

Year built

2005

Construction

STEEL FRAME

Lot size

1.59 AC

Property size (Sq ft)

9,012 SF

Property type

Retail space

APN

D14-0-001-00-013-08

APU

D1400010001308

Description

This exceptional 9,012-square-foot special purpose property, located at 5075 S Union Street S in South Bloomfield, Ohio, presents a unique investment opportunity. Built in 2005, the building sits on a substantial 69,260.4-square-foot lot (APN: D14-0-001-00-013-08) and is zoned for retail use. The asking price is $775,000, translating to a price per square foot of $86. The metal structure is well-maintained and offers versatile space currently configured with a storefront area at the front. This layout is easily adaptable to create a completely open floor plan, maximizing the building's potential for a variety of uses. Its strategic location, just two blocks from US 23, provides excellent visibility and accessibility, making it an ideal location for businesses seeking high traffic exposure. The property's size and adaptable layout offer significant potential for expansion or modification to suit specific business needs. This is a rare opportunity to acquire a substantial, well-located commercial property in a growing area. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $2,232,931

  6.5%

  $2,061,167

  7%

  $1,913,941

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,124,316

  Geo Method

  $2,124,316

• Alternative Use

  Use

  Valuation

  Residential

  $1,738,672

  Hospitality

  $1,592,614

  Educational

  $1,325,036

  Medical

  $1,370,606

  Retail

  $2,061,167

Location Insight

City

South Bloomfield

County

Pickaway

State

Ohio

Latitude

39.7155

Longitude

-82.9893

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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