110 Main StNew Lexington, OH 43764

Property Details for 110 Main St

Year built

1925

Construction

BRICK

Lot size

0.08 AC

Property size (Sq ft)

2,106 SF

Property type

Banks

APN

27-001922.0000

APU

270019220000

Description

This exceptional three-story commercial building, located at 110 N Main Street in New Lexington, Ohio, presents a unique investment opportunity. Originally a major bank's main office, this 16,749 square foot property boasts a versatile layout ideal for a variety of uses, including corporate headquarters, financial institutions, or adaptive reuse for professional businesses. Built in 1910 and renovated in 1975, the building features over 20 office spaces, six bathrooms, two kitchenettes, a boardroom, a training room, a library, and a secure walk-in vault. Additional amenities include a basement, a designated parking lot, and an operations wing with its own kitchenette, bathroom, and four private offices. Situated on a 5,227.2 square foot lot in a prime business district, this property offers a compelling blend of historic charm and modern functionality. The asking price is $625,000, translating to $37.32 per square foot. This is a rare opportunity to acquire a substantial and well-appointed commercial building in a desirable Ohio location. The property's size, features, and location make it an attractive prospect for a wide range of businesses seeking a prominent presence in New Lexington.

• CAP approach

  CAP return

  Valuation

  6%

  $549,001

  6.5%

  $506,770

  7%

  $470,572

• Comparable approach

  Method

  Valuation

  Relative Method

  $496,428

  Geo Method

  $496,428

• Alternative Use

  Use

  Valuation

  Residential

  $427,480

  Hospitality

  $391,569

  Educational

  $325,781

  Medical

  $336,985

  Retail

  $506,770

Location Insight

City

New Lexington

County

Perry

State

Ohio

Latitude

39.7146

Longitude

-82.2078

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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