33 5Th StZanesville, OH 43701

Property Details for 33 5Th St

Year built

1952

Lot size

0.21 AC

Property size (Sq ft)

13,142 SF

Property type

Office properties

Property subtype

Office buildings

APN

81-65-02-18-000

APU

81650218000

Description

This exceptional 12,300 square foot, two-story office building is located in downtown Zanesville, Ohio, at 33 S 5th St, and is offered at $1,350,000. The property, built in 1952, sits on a 0.42-acre lot and boasts 32 paved parking spaces. Previously a bank, the building offers a blend of open floor plans, private offices, and restrooms on each floor. Architectural details include soaring ceilings and beautiful woodwork on the first floor. The first floor is handicap accessible, and a finished lower level provides ample space for meetings or gatherings. A rooftop patio adds a unique amenity. The building includes multiple breakrooms, training areas, and larger executive offices, making it suitable for various professional uses, including healthcare, call centers, or any business requiring substantial office space. The property is zoned C-3 and has three APNs: 81-65-02-18-000, 81-65-02-17-000, and 81-65-02-19-000. Currently 100% occupied, this is an owner/user investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $2,499,308

  6.5%

  $2,307,054

  7%

  $2,142,264

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,229,303

  Geo Method

  $1,229,303

• Alternative Use

  Use

  Valuation

  Residential

  $2,860,746

  Hospitality

  $2,620,428

  Educational

  $2,180,166

  Medical

  $2,255,145

  Retail

  $3,391,368

Location Insight

City

Zanesville

County

Muskingum

State

Ohio

Latitude

39.9392

Longitude

-82.0069

CBSA code

49780

CBSA name

ZANESVILLE, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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