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

Retail properties

Property subtype

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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