54 Main StLogan, OH 43138

Property Details for 54 Main St

Construction

BRICK

Property size (Sq ft)

12,084 SF

Property type

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.

• 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

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

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