103 Court StWoodsfield, OH 43793

Property Details for 103 Court St

Year built

1950

Property size (Sq ft)

1,716 SF

Property type

Office properties

APN

05-370502.5000

APU

53705025000

Description

This exceptional mixed-use property, situated in the heart of Woodsfield's downtown village, presents a unique investment opportunity. The building boasts a substantial 3432 square feet of space, thoughtfully divided between two floors. The main floor, encompassing 1716 square feet, is currently leased on a month-to-month basis to a publishing company, providing immediate rental income. The second floor, mirroring the first floor's 1716 square feet, offers versatile potential. Currently configured as a three-bedroom, one-bathroom apartment, it has recently undergone upgrades including new plumbing, faucets, shower fixtures, and toilet. This space could easily be adapted to suit a variety of commercial or residential needs. Adding to the property's appeal is a full, unfinished basement of 1716 square feet, ideal for ample storage. Two additional parking spaces are conveniently located at the rear of the building. All utilities—electric, water, and sewer—are provided by the Village of Woodsfield. Prospective buyers are required to provide 24-hour notice for showings and schedule appointments accordingly. This property offers a blend of established rental income and significant expansion potential in a desirable downtown location. The 0.07-acre lot provides a manageable footprint for this thriving business opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $326,344

  6.5%

  $301,241

  7%

  $279,723

• Comparable approach

  Method

  Valuation

  Relative Method

  $160,515

  Geo Method

  $160,515

• Alternative Use

  Use

  Valuation

  Residential

  $373,538

  Hospitality

  $342,159

  Educational

  $284,672

  Medical

  $294,463

  Retail

  $442,824

Location Insight

City

Woodsfield

County

Monroe

State

Ohio

Latitude

39.7623

Longitude

-81.1153

Property Tax & Assessments

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