651 Mcintire AveZanesville, OH 43701
- Office properties
- 2,588 SF
Property Details for 651 Mcintire Ave
- Year built
- 1930
- Lot size
- 0.49 AC
- Property size (Sq ft)
- 2,588 SF
- Property type
- Office properties
- Property subtype
- Other office properties
- APN
- 84-17-01-03-000
- APU
- 84170103000
Description
This exceptional investment opportunity presents a historic two-unit apartment building situated on a substantial 21,344.4 square foot lot in Zanesville, Ohio. The property, located at 651 Mcintire Avenue, boasts a generous 5176 square feet of space spread across two stories, offering significant potential for various uses. Built in 1930, the building presents a unique chance to add personal touches and capitalize on its prime location. Currently configured as a multifamily property, the building's size and layout could easily accommodate a variety of commercial ventures, including medical offices or other professional office spaces. The property's convenient location adds to its appeal. Recent updates include an upgraded electrical system. Priced at $100,000, with a price per square foot of $19.32, this property offers a compelling return on investment. The nearly half-acre lot provides ample space for future expansion or development. This is a rare opportunity to acquire a substantial property in a desirable location with significant upside potential. The property is zoned for multifamily and commercial use. This is an ideal investment for those seeking a property with both residential and commercial possibilities.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $492,178
- 6.5%
- $454,319
- 7%
- $421,867
-
Comparable approach
- Method
- Valuation
- Relative Method
- $242,082
- Geo Method
- $242,082
-
Alternative Use
- Use
- Valuation
- Residential
- $563,355
- Hospitality
- $516,030
- Educational
- $429,331
- Medical
- $444,096
- Retail
- $667,848
Location Insight
- City
- Zanesville
- County
- Muskingum
- State
- Ohio
- Latitude
- 39.949
- Longitude
- -82.0124
- CBSA code
- 49780
- CBSA name
- ZANESVILLE, OH MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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