11850 Walnut StLaurelville, OH 43135

Property Details for 11850 Walnut St

Year built

1996

Construction

FRAME

Lot size

0.25 AC

Property size (Sq ft)

1,184 SF

Property type

Retail properties

Property subtype

Retail space

APN

05-02-11-009.000

APU

50211009000

Description

This exceptional 1,568 square foot commercial property, situated on a half-acre lot at 11850 Walnut Street in Laurelville, Ohio, presents a unique opportunity for entrepreneurs. Currently operating as a successful takeout restaurant near the popular Hocking Hills region, this turnkey business is ready for immediate operation. All existing equipment is included in the sale, allowing for a seamless transition and immediate revenue generation. The current owner's focus on takeout provides a solid foundation, but significant growth potential exists through the addition of dine-in and delivery services. This strategic location offers easy access to the thriving tourism market of Hocking Hills, ensuring a consistent customer base. The property's spacious layout offers flexibility for expansion and customization to meet the needs of a growing business. The asking price is $450,000. This is an ideal opportunity for an individual seeking to establish a profitable business in a high-demand area with minimal start-up costs. The existing infrastructure and equipment eliminate the need for extensive initial investment, allowing the new owner to focus on operational efficiency and growth. Don't miss this chance to own a thriving business with significant upside in a desirable location. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $293,363

  6.5%

  $270,797

  7%

  $251,454

• Comparable approach

  Method

  Valuation

  Relative Method

  $279,093

  Geo Method

  $279,093

• Alternative Use

  Use

  Valuation

  Residential

  $228,427

  Hospitality

  $209,238

  Educational

  $174,084

  Medical

  $180,071

  Retail

  $270,797

Location Insight

City

Laurelville

County

Ross

State

Ohio

Latitude

39.4684

Longitude

-82.7475

CBSA code

17060

CBSA name

CHILLICOTHE, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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