54 Main StLogan, OH 43138

  • Retail properties
  • 12,084 SF
For Sale
$374,222 View listing

Property Details for 54 Main St

Construction
BRICK
Property size (Sq ft)
12,084 SF
Property type
Retail properties
Property subtype
Retail space
APN
04-000260.0000
APU
40002600000

Description

This exceptional three-story mixed-use building, located at 54 E Main Street in Logan, Ohio, presents a unique investment opportunity. Spanning 16,000 square feet on a 0.13-acre lot, this historic structure is ideally situated in the heart of Hocking Hills, a region known for its natural beauty and thriving tourism. The building's prime location offers significant storefront potential for a variety of businesses, capitalizing on the high volume of foot traffic and tourist activity. Beyond the commercial space, the property presents exciting possibilities for developing lucrative vacation rentals, catering to the increasing demand for accommodations in this popular destination. The building's historic charm and character provide a unique and attractive setting for both commercial ventures and hospitality businesses. This presents a rare chance to acquire a substantial property with significant upside potential in a desirable location. The building's size and layout offer considerable flexibility for adaptive reuse, allowing for creative and innovative business plans. The property is ready for an owner to bring their vision to life, transforming this historic gem into a thriving hub of activity within the Hocking Hills community. The asking price is $333,222. This is a truly exceptional opportunity for a discerning investor seeking a high-return property in a prime location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,092,076
    6.5%
    $2,854,224
    7%
    $2,650,351
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,848,450
    Geo Method
    $2,848,450
  • Alternative Use

    Use
    Valuation
    Residential
    $2,407,645
    Hospitality
    $2,205,390
    Educational
    $1,834,858
    Medical
    $1,897,962
    Retail
    $2,854,224
54 Main St, Logan, Ohio

Location Insight

City
Logan
County
Hocking
State
Ohio
Latitude
39.5404
Longitude
-82.4077
CBSA code
18140
CBSA name
COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,704
$17,300
$18,660
$35,960
-
$49,430
$53,310
$102,740

FAQs

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