220 State StNewcomerstown, OH 43832

Property Details for 220 State St

Year built

2002

Lot size

0.71 AC

Property size (Sq ft)

2,220 SF

Property type

Banks

APN

45-02115.001

APU

4502115001

Description

This exceptional 2,200 square foot mixed-use commercial property is ideally situated on East State Street in Newcomerstown, Ohio, a highly trafficked area ensuring excellent visibility and accessibility for any business. The single-story building offers a convenient and efficient layout, perfect for a variety of professional uses. The open floor plan provides exceptional flexibility, allowing for easy customization to suit the specific needs of a diverse range of tenants. Whether you envision a medical practice, a law firm, or another service-oriented business, this space offers the adaptability to thrive. Ample parking is a key feature, with 25 spaces available to accommodate staff and clients, a significant advantage in a high-traffic area. The property sits on a 0.71-acre lot, providing additional space and potential for future expansion or outdoor amenities. The asking price for this turnkey opportunity is $399,000. This property is not suitable for banks or financial institutions. Its prime location and versatile design make it an attractive investment for entrepreneurs seeking a thriving commercial space in a bustling community.

• CAP approach

  CAP return

  Valuation

  6%

  $620,624

  6.5%

  $572,884

  7%

  $531,963

• Comparable approach

  Method

  Valuation

  Relative Method

  $523,300

  Geo Method

  $523,300

• Alternative Use

  Use

  Valuation

  Residential

  $483,249

  Hospitality

  $442,653

  Educational

  $368,282

  Medical

  $380,948

  Retail

  $572,884

Location Insight

City

Newcomerstown

County

Tuscarawas

State

Ohio

Latitude

40.2721

Longitude

-81.6045

CBSA code

35420

CBSA name

NEW PHILADELPHIA-DOVER, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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