1801 Croghan StFremont, OH 43420

Property Details for 1801 Croghan St

Year built

1950

Lot size

0.09 AC

Property size (Sq ft)

2,474 SF

Property type

Retail space

APN

34-50-00-5221-01

APU

345000522101

Description

This exceptional business opportunity in Fremont, Ohio, presents a rare chance to acquire a thriving, long-established beauty salon and a separate rental property. The salon, operating successfully for over four decades, boasts a spacious 3,258 square foot layout. Inside, you'll find eight hair stations, multiple wash stations, and ample room for expansion or diversification. The property sits on a 0.09-acre lot and includes convenient private parking and a storage shed. Adding to the investment appeal is a separate, one-story rental building offering approximately 800 square feet of living space with two bedrooms. This additional income stream provides a significant boost to the overall return on investment. All public utilities are connected, ensuring seamless operation. This turnkey business offers immediate income generation and substantial growth potential, making it an ideal acquisition for an experienced entrepreneur or savvy investor seeking a well-established and profitable venture. The property is priced at $250,000 and presents a unique opportunity to own a profitable business with additional rental income. Don't miss this chance to own a piece of Fremont's business history.

• CAP approach

  CAP return

  Valuation

  6%

  $654,256

  6.5%

  $603,929

  7%

  $560,791

• Comparable approach

  Method

  Valuation

  Relative Method

  $583,173

  Geo Method

  $583,173

• Alternative Use

  Use

  Valuation

  Residential

  $509,437

  Hospitality

  $466,641

  Educational

  $388,240

  Medical

  $401,592

  Retail

  $603,929

Location Insight

City

Fremont

County

Sandusky

State

Ohio

Latitude

41.3462

Longitude

-83.1343

CBSA code

23380

CBSA name

FREMONT, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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