312 Main StDelta, OH 43515

Property Details for 312 Main St

Year built

1980

Lot size

0.31 AC

Property size (Sq ft)

2,300 SF

Property type

Retail properties

Property subtype

Banks

APN

31-060228-00.000

APU

3106022800000

Description

This exceptional commercial property, located at 312 W Main Street Unit 312 in Delta, Ohio, presents a unique investment opportunity. The expansive 22,000 square foot building boasts a recently updated interior, featuring polished concrete floors and fresh paint throughout. The exterior has also undergone significant improvements, including new concrete work at the front entrance and a brand-new sign, ensuring high visibility and curb appeal. The property sits on a one-acre lot on a highly trafficked road, providing excellent exposure for any business. Its strategic location near Northstar Steel further enhances its desirability. Beyond the main building, two additional rental units generate supplementary income, adding to the overall return on investment. This property is ideal for businesses seeking increased visibility and a modern workspace, or for investors looking for a strong rental income stream. The combination of size, location, recent renovations, and rental income potential makes this a truly exceptional offering in the Delta, Ohio market. The open-span design of the main building offers significant flexibility for various business uses. This is a rare opportunity to acquire a well-maintained, high-visibility commercial property in a thriving area.

• CAP approach

  CAP return

  Valuation

  6%

  $578,786

  6.5%

  $534,264

  7%

  $496,103

• Comparable approach

  Method

  Valuation

  Relative Method

  $542,158

  Geo Method

  $542,158

• Alternative Use

  Use

  Valuation

  Residential

  $450,672

  Hospitality

  $412,813

  Educational

  $343,456

  Medical

  $355,268

  Retail

  $534,264

Location Insight

City

Delta

County

Fulton

State

Ohio

Latitude

41.5736

Longitude

-84.0065

CBSA code

45780

CBSA name

TOLEDO, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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