56721 Ferry Landing RdShadyside, OH 43947

Property Details for 56721 Ferry Landing Rd

Year built

1963

Lot size

1.45 AC

Property size (Sq ft)

4,712 SF

Property type

Motels

APN

15-01254-000

APU

1501254000

Description

This exceptional Shadyside, OH property presents a unique investment opportunity encompassing multiple income streams and significant development potential. Situated on a 1.85-acre lot along the high-traffic Route 7, this property boasts a thriving restaurant, a well-maintained motel, and a vacant lot with existing septic. The restaurant, known locally as VanDynes, features indoor and outdoor seating and includes all equipment in the sale. The motel comprises seven recently remodeled rental rooms, generating consistent revenue. A completely remodeled three-bedroom, three-bathroom home is attached, offering on-site management capabilities or additional rental income. This home includes a propane fireplace in the living room. Outdoor amenities include a private backyard with a seven-foot privacy fence, an inground pool, and a patio bar area. The vacant lot, previously used for RV sites, presents a prime opportunity for expansion, potentially accommodating new residential or rental units. Fruit-bearing peach and apple trees add to the property's charm. The total building square footage is 4,712 square feet. The property is listed at $665,000. Sellers require pre-approval for showings and will be present during the appointment, available outside for any questions. Financial information will be provided to the buyer's accountant upon request. This is a rare chance to acquire a multi-faceted commercial property with immediate income and substantial future growth prospects.

• CAP approach

  CAP return

  Valuation

  6%

  $1,017,837

  6.5%

  $939,542

  7%

  $872,432

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,035,787

  Geo Method

  $1,035,787

• Alternative Use

  Use

  Valuation

  Residential

  $1,025,707

  Hospitality

  $939,542

  Educational

  $781,688

  Medical

  $808,571

  Retail

  $1,215,959

Location Insight

City

Shadyside

County

Belmont

State

Ohio

Latitude

39.9182

Longitude

-80.768

CBSA code

48540

CBSA name

WHEELING, WV-OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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