616 Main StCoshocton, OH 43812

Property Details for 616 Main St

Year built

1900

Construction

WOOD

Lot size

0.12 AC

Property size (Sq ft)

10,175 SF

Property type

Office properties

Property subtype

Office buildings

APN

430000190700

APU

430000190700

Description

This exceptional mixed-use property, located at 616 Main Street in the vibrant heart of downtown Coshocton, Ohio, presents a compelling investment opportunity. The 0.12-acre lot houses three street-level commercial storefronts, perfectly suited for a variety of retail, office, or dining ventures. The prime Main Street location guarantees high visibility and consistent foot traffic, maximizing potential rental income. Adding to the property's appeal are four residential apartment units, two of which boast private balconies, providing additional revenue streams. Recent improvements have already enhanced the property's value and longevity. These include a newer roof, updated gutters and downspouts, and the re-mortaring of two of the building's brick exterior walls. While renovations would further increase the property's profitability, the existing structure offers a solid foundation for a high-performing cash flow investment. The property's strategic location and versatile layout make it an ideal choice for savvy investors seeking a strong return on investment in a thriving downtown area. The asking price is $99,000. This represents a rare chance to acquire a well-situated mixed-use property with significant upside potential in a desirable Ohio location. Don't miss this chance to own a piece of Coshocton's Main Street.

• CAP approach

  CAP return

  Valuation

  6%

  $1,935,052

  6.5%

  $1,786,202

  7%

  $1,658,616

• Comparable approach

  Method

  Valuation

  Relative Method

  $951,770

  Geo Method

  $951,770

• Alternative Use

  Use

  Valuation

  Residential

  $2,214,891

  Hospitality

  $2,028,828

  Educational

  $1,687,961

  Medical

  $1,746,013

  Retail

  $2,625,717

Location Insight

City

Coshocton

County

Coshocton

State

Ohio

Latitude

40.2737

Longitude

-81.861

CBSA code

18740

CBSA name

COSHOCTON, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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