1601 Belmont StBellaire, OH 43906

Property Details for 1601 Belmont St

Year built

1955

Lot size

2.71 AC

Property size (Sq ft)

4,400 SF

Property type

Motels

APN

29-01421-000

APU

2901421000

Description

This exceptional 9.14-acre commercial land parcel presents a unique investment opportunity in Bellaire, Ohio. Located at 1601 Belmont Street, the property boasts prime riverfront positioning with stunning Ohio River views. Its strategic location directly adjacent to Route 7 offers unparalleled accessibility and visibility. The APN is 29-01422.000. Given its proximity to the planned multi-billion dollar Cracker Plant, this site is exceptionally well-suited for a variety of commercial uses. Consideration for a laydown yard to support the plant's construction or operation is highly feasible, given the ample space and convenient access. Alternatively, the property's size and location could also support the development of housing to accommodate the influx of workers associated with the plant. The property is zoned for commercial use (verification of zoning with local authorities is recommended). This offering presents a rare chance to acquire a significant land holding in a rapidly developing area with exceptional potential for substantial return on investment. Serious inquiries are encouraged to explore the possibilities of this remarkable property. The property is available for sale or lease.

• CAP approach

  CAP return

  Valuation

  6%

  $950,442

  6.5%

  $877,331

  7%

  $814,664

• Comparable approach

  Method

  Valuation

  Relative Method

  $967,204

  Geo Method

  $967,204

• Alternative Use

  Use

  Valuation

  Residential

  $957,791

  Hospitality

  $877,331

  Educational

  $729,929

  Medical

  $755,032

  Retail

  $1,135,445

Location Insight

City

Bellaire

County

Belmont

State

Ohio

Latitude

40.001

Longitude

-80.7447

CBSA code

48540

CBSA name

WHEELING, WV-OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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