651 Mcintire AveZanesville, OH 43701

  • Office properties
  • 2,588 SF
For Sale
$100,000 View listing

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
651 Mcintire Ave, Zanesville, Ohio

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$655
$5,075
$8,750
$13,825
-
$14,500
$25,000
$39,500

FAQs

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