215 Mcpherson HwyClyde, OH 43410

Property Details for 215 Mcpherson Hwy

Year built

1970

Lot size

0.34 AC

Property size (Sq ft)

1,500 SF

Property type

Auto shops

APN

32-50-00-1473-01

APU

325000147301

Description

This 1,500-square-foot auto shop in Clyde, Ohio, is available for purchase at $315,000 ($210/sq ft). Built in 1970, this single-story, block construction building sits on a 0.34-acre lot (APN: 32-50-00-1473-01). The property features a heated and cooled office and shop area, equipped with two and four-post lifts, an air compressor, and exhaust benders. Additional heating is provided by a gas heater in the shop. The lobby windows were replaced in 2020, and the building includes existing signage. This turnkey operation is ideal for a continuation of the existing automotive business or offers a blank canvas for a new venture. All necessary documentation, including a Non-Fire Alarm (NFA) report, is on file. The seller is retiring and ready to pass the torch. This is a rare opportunity to acquire an established business and property in a prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $396,679

  6.5%

  $366,166

  7%

  $340,011

• Comparable approach

  Method

  Valuation

  Relative Method

  $353,581

  Geo Method

  $353,581

• Alternative Use

  Use

  Valuation

  Residential

  $308,874

  Hospitality

  $282,927

  Educational

  $235,392

  Medical

  $243,488

  Retail

  $366,166

Location Insight

City

Clyde

County

Sandusky

State

Ohio

Latitude

41.3108

Longitude

-82.9773

CBSA code

23380

CBSA name

FREMONT, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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