1528 Woodville RdMillbury, OH 43447

Property Details for 1528 Woodville Rd

Lot size

0.33 AC

Property type

Retail properties

Property subtype

Bars

APN

H28-712-1203-09-011.000

APU

H28712120309011000

Description

This exceptional 2,500 square foot traditional office building is situated at 1528 Woodville Road in Millbury, Ohio, 43447. The property boasts a single tenancy and offers 1,250 square feet of immediately available space. The existing layout includes three private offices, a kitchen, a bathroom, and storage areas. The building sits on one acre of land. This location offers unparalleled visibility, situated on State Highway Route 51 (Woodville Road), a high-traffic thoroughfare with over 9,000 vehicles passing daily. The property benefits from a strong mix of established neighboring businesses, including Melocreme (52 years in business), Woodbury Market, Subway, a barber shop, a garage door company, a catering company, a wedding hall, a gymnastics/cheer studio, a dance studio, and a Dollar General. For businesses requiring additional space, an additional 1,250 square feet of open floor plan space is available within the building, offering expansion opportunities. This property presents a unique opportunity for businesses seeking a prominent location with high visibility and ample space in a thriving commercial area.

• CAP approach

  CAP return

  Valuation

  6%

  $3,661,202

  6.5%

  $3,379,571

  7%

  $3,138,173

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,429,502

  Geo Method

  $3,429,502

• Alternative Use

  Use

  Valuation

  Residential

  $2,850,794

  Hospitality

  $2,611,312

  Educational

  $2,172,581

  Medical

  $2,247,300

  Retail

  $3,379,571

Location Insight

City

Millbury

County

Wood

State

Ohio

Latitude

41.5766

Longitude

-83.4262

CBSA code

45780

CBSA name

TOLEDO, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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