232 Main StLogan, OH 43138

Property Details for 232 Main St

Construction

FRAME

Property size (Sq ft)

2,856 SF

Property type

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.

• 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

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