601 State StPioneer, OH 43554

Property Details for 601 State St

Year built

2003

Lot size

0.60 AC

Property size (Sq ft)

2,400 SF

Property type

Retail properties

Property subtype

Retail space

APN

092-170-01-054.001

APU

9217001054001

Description

This exceptional 2400-square-foot commercial property, ideally situated at 601 N State Street Unit 601 in Pioneer, Ohio, presents a remarkable opportunity for a discerning investor. Completely renovated in 2021, this building boasts a wealth of modern amenities perfectly suited for a food service operation. Two convenient drive-up windows, added during the 2021 renovation, enhance customer accessibility and streamline service. The extensive renovation included a complete overhaul of the plumbing, electrical, and gas lines, ensuring optimal functionality and efficiency. New exterior walls and siding provide a fresh, modern aesthetic. The sale includes valuable existing equipment such as a walk-in cooler and two sheds, one of which is equipped with electricity, heating, and air conditioning. A new kitchen hood, installed in 2021, further enhances the property's culinary capabilities. The 0.6-acre lot provides ample space for expansion or outdoor seating. While the current businesses operating on the premises are not included in the sale, the included food equipment will provide a solid foundation for a new venture. Please note that the CREO coffee equipment is excluded. This property offers an unparalleled blend of modern infrastructure, convenient location, and significant potential for a thriving food service business. The asking price is $350,000.

• CAP approach

  CAP return

  Valuation

  6%

  $663,550

  6.5%

  $612,508

  7%

  $568,757

• Comparable approach

  Method

  Valuation

  Relative Method

  $119,085

  Geo Method

  $119,085

• Alternative Use

  Use

  Valuation

  Residential

  $516,673

  Hospitality

  $473,270

  Educational

  $393,755

  Medical

  $407,297

  Retail

  $612,508

Location Insight

City

Pioneer

County

Williams

State

Ohio

Latitude

41.6862

Longitude

-84.5538

Property Tax & Assessments

FAQs

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