701 Main StDresden, OH 43821

Property Details for 701 Main St

Year built

1925

Lot size

0.20 AC

Property size (Sq ft)

11,574 SF

Property type

Other commercial real estate

Property subtype

Showrooms

APN

33-30-10-01-000

APU

33301001000

Description

This exceptional 23,175 square foot mixed-use building at 701 Main Street, Dresden, OH, presents a unique investment opportunity. Situated on a 0.2-acre lot, this three-story property boasts significant historical charm and modern conveniences. The first floor, retaining much of its original woodwork and trim, is currently home to several small businesses, including a soon-to-open deli, a nail salon, a massage salon, and a photography studio. A fitness center also occupies space within the building. The second floor is partially renovated, offering immediate occupancy potential, while the expansive third floor provides a blank canvas for future development. Both passenger and freight elevators service all three floors, enhancing accessibility and functionality. The building's rich history includes a past life as a hotel, and a later expansion by The Longaberger Company, which added a three-story addition and the elevators, anticipating future growth. This versatile property offers immense potential for a variety of uses, including an event center, residential conversion, or expansion of existing businesses. Priced at $650,000, this is a rare chance to acquire a substantial commercial property in a desirable location with significant upside potential. The current multi-tenant setup provides immediate income generation, while the substantial space and flexible layout allow for significant future expansion and adaptation.

• CAP approach

  CAP return

  Valuation

  6%

  $3,235,632

  6.5%

  $2,986,737

  7%

  $2,773,399

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,728,232

  Geo Method

  $2,728,232

• Alternative Use

  Use

  Valuation

  Residential

  $2,519,424

  Hospitality

  $2,307,779

  Educational

  $1,920,045

  Medical

  $1,986,079

  Retail

  $2,986,737

Location Insight

City

Dresden

County

Muskingum

State

Ohio

Latitude

40.122

Longitude

-82.0117

CBSA code

49780

CBSA name

ZANESVILLE, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].