2358 23Rd StBellaire, OH 43906

Property Details for 2358 23Rd St

Year built

1997

Lot size

10.24 AC

Property size (Sq ft)

5,304 SF

Property type

Office properties

Property subtype

Office buildings

APN

29-02385-000

APU

2902385000

Description

This 5,772 square foot commercial property in Bellaire, OH, offers a unique blend of office and industrial space on over 10 acres of flat land. Built in 1997, the building features a well-designed interior with ample office space and large conference rooms, suitable for various uses including research and development, tech startups, or any business needing flexible space. The expansive 10+ acre lot presents significant expansion opportunities, allowing for additional buildings, storage facilities, or a lay-down yard. Located in Bellaire, this property enjoys proximity to the downtown area and is just 15 minutes from a proposed ethane cracker plant, making it ideally situated for businesses seeking to capitalize on regional growth, particularly in the petrochemical sector. Its accessibility to major transportation routes ensures high visibility and ease of access, benefiting businesses in manufacturing, logistics, or other industries requiring strategic placement and operational efficiency. Currently vacant, this property is ready for immediate occupancy. The asking price is $1,100,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,008,700

  6.5%

  $931,107

  7%

  $864,600

• Comparable approach

  Method

  Valuation

  Relative Method

  $496,136

  Geo Method

  $496,136

• Alternative Use

  Use

  Valuation

  Residential

  $1,154,573

  Hospitality

  $1,057,583

  Educational

  $879,896

  Medical

  $910,157

  Retail

  $1,368,728

Location Insight

City

Bellaire

County

Belmont

State

Ohio

Latitude

40.0069

Longitude

-80.756

CBSA code

48540

CBSA name

WHEELING, WV-OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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