40580 Cadiz Piedmont RdCadiz, OH 43907

Property Details for 40580 Cadiz Piedmont Rd

Year built

1979

Construction

FRAME

Lot size

1.37 AC

Property size (Sq ft)

2,376 SF

Property type

Office properties

Property subtype

Office buildings

APN

04-0000553.000

APU

40000553000

Description

This exceptional mixed-use commercial building, located at 40580 Cadiz Piedmont Road in Cadiz, Ohio, presents a unique investment opportunity. Spanning 4,082 square feet across two floors, this property sits on a generous 1.37-acre lot and offers versatile space ideal for a variety of businesses or rental income generation. The main floor features three large offices or storage units, perfect for adaptable use, along with a convenient kitchenette and four bathrooms. Upstairs, you'll find three to four additional offices, complemented by a reception area, providing ample space for administrative functions or additional rental units. Recent renovations include updated bathroom fixtures and new lighting throughout the building, enhancing both aesthetics and functionality. The property's well has been upgraded with a new pressure tank and UV treatment system, ensuring reliable water supply. Furthermore, the septic system underwent testing and inspection by Theaker in 2024, confirming its functionality. Convenient side and rear building entrances, along with separate side parking, provide easy access and ample parking for tenants or customers. The building is sold "as is," allowing for buyer inspections to be conducted. Note that the property is currently unzoned, offering flexibility for future development. This property represents a compelling opportunity for entrepreneurs and investors alike seeking a well-maintained, versatile commercial space in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $451,861

  6.5%

  $417,102

  7%

  $387,309

• Comparable approach

  Method

  Valuation

  Relative Method

  $222,251

  Geo Method

  $222,251

• Alternative Use

  Use

  Valuation

  Residential

  $517,207

  Hospitality

  $473,759

  Educational

  $394,162

  Medical

  $407,718

  Retail

  $613,140

Location Insight

City

Cadiz

County

Harrison

State

Ohio

Latitude

40.2491

Longitude

-81.0589

Property Tax & Assessments

FAQs

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