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

Retail properties

Property subtype

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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