2 Main StMount Sterling, OH 43143

Property Details for 2 Main St

Year built

1920

Lot size

0.04 AC

Property size (Sq ft)

3,150 SF

Property type

Turn key restaurants

APN

18-00226.000

APU

1800226000

Description

This exceptional investment opportunity presents a 3,151 square foot special purpose property located at 2 E Main Street, Mount Sterling, Ohio, 43143. Built in 1920, the property sits on a 1,742.4 square foot lot and boasts a highly visible corner location. Currently configured as a restaurant with a fully equipped kitchen and ample seating, the main floor offers versatile space adaptable to various commercial uses, including retail or office space. A well-appointed two-bedroom, one-bathroom apartment occupies the upper level, providing potential for owner occupancy or rental income. The asking price is $199,800, translating to $63.41 per square foot. This dual-purpose property offers significant potential for entrepreneurs and investors seeking a thriving location in Mount Sterling's active market. The property's central location ensures high visibility and accessibility, making it an ideal choice for a variety of commercial ventures. Don't miss this chance to acquire a well-positioned commercial property with significant upside.

• CAP approach

  CAP return

  Valuation

  6%

  $772,400

  6.5%

  $712,985

  7%

  $662,057

• Comparable approach

  Method

  Valuation

  Relative Method

  $742,520

  Geo Method

  $742,520

• Alternative Use

  Use

  Valuation

  Residential

  $601,429

  Hospitality

  $550,906

  Educational

  $458,347

  Medical

  $474,111

  Retail

  $712,985

Location Insight

City

Mount Sterling

County

Madison

State

Ohio

Latitude

39.7202

Longitude

-83.266

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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