232 Main StLogan, OH 43138
- Retail properties
- 2,856 SF
Property Details for 232 Main St
- Construction
- FRAME
- Property size (Sq ft)
- 2,856 SF
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 04-000404.0000
- APU
- 40004040000
Description
This exceptional commercial property, located at 232 W Main Street in Logan, Ohio, presents a unique investment opportunity. Priced at $199,000, this special-purpose building boasts a total of 2,856 square feet, all of which is net rentable. The building sits on a 3,049.2 square foot lot, offering a price per square foot of $69.68. The main floor features a flexible open storefront area ideal for retail or other commercial uses, complemented by approximately 2,000 square feet of warehouse space. This provides ample room for storage, inventory, or production. Upstairs, a separate entrance leads to a versatile 800-square-foot space, currently configured as a one-bedroom, one-bathroom apartment with a kitchen and large open room. This area could easily be adapted for office space, providing additional income potential or space for business expansion. The property's prime downtown Logan location offers excellent visibility and accessibility, placing it within a thriving and vibrant community. This building is a blank canvas, ready for your entrepreneurial vision to flourish. The property's versatility makes it suitable for a wide range of commercial uses, offering a significant return on investment. The combination of retail space, warehouse storage, and upper-level apartment/office space makes this a truly unique opportunity. This property is ready for immediate occupancy.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $730,799
- 6.5%
- $674,583
- 7%
- $626,399
-
Comparable approach
- Method
- Valuation
- Relative Method
- $673,219
- Geo Method
- $673,219
-
Alternative Use
- Use
- Valuation
- Residential
- $569,036
- Hospitality
- $521,234
- Educational
- $433,661
- Medical
- $448,575
- Retail
- $674,583
Location Insight
- City
- Logan
- County
- Hocking
- State
- Ohio
- Latitude
- 39.5407
- Longitude
- -82.4126
- CBSA code
- 18140
- CBSA name
- COLUMBUS, OH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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