1091 State Route 56Circleville, OH 43113

Property Details for 1091 State Route 56

Year built

1953

Construction

FRAME

Lot size

16.74 AC

Property size (Sq ft)

3,296 SF

Property type

Commercial real estate

APN

A01-0-001-00-277-00

APU

A0100010027700

Description

This exceptional commercial property, located at 1091 State Route 56 E in Circleville, Ohio, presents a significant investment opportunity. The building boasts a substantial 9,600 square feet of space, offering ample room for a variety of business ventures. Situated on a lot with no acreage, the property benefits from its convenient location on State Route 56 E, ensuring high visibility and accessibility for customers and employees. The asking price for this turnkey business opportunity is $5,000,000. This represents a compelling chance to acquire a well-positioned commercial space in a thriving Ohio market. The property's size and strategic location make it ideal for a wide range of businesses, from retail and office spaces to light industrial operations. Further due diligence is encouraged to fully assess the potential of this property and its suitability for specific business plans. The absence of acreage simplifies site management and reduces associated maintenance costs. This is a rare opportunity to acquire a substantial commercial building in a desirable location, offering significant potential for growth and return on investment. Interested parties are encouraged to contact the listing agent for further information and to schedule a viewing. The property is offered as-is. All information provided is deemed reliable but not guaranteed and should be independently verified.

• CAP approach

  CAP return

  Valuation

  6%

  $629,625

  6.5%

  $581,192

  7%

  $539,678

• Comparable approach

  Method

  Valuation

  Relative Method

  $308,308

  Geo Method

  $308,308

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,195,140

  Retail / Commercial

  $602,897

  Mixed-Use / Specialty

  $592,894

  Hospitality / Lodging

  $424,763

  Office

  $581,192

  Institutional / Educational

  $613,564

  Residential Income

  $717,870

  Multifamily

  $904,511

  Automotive / Energy

  $525,912

  Parking / Income-Based Land

  $189,245

  Restaurant / Food Service

  $291,608

  Healthcare / Senior Housing

  $616,055

Location Insight

City

Circleville

County

Pickaway

State

Ohio

Latitude

39.5863

Longitude

-82.9212

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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