114 Main StSaint Clairsville, OH 43950

Property Details for 114 Main St

Year built

1900

Lot size

0.37 AC

Property size (Sq ft)

5,800 SF

Property type

Office buildings

APN

34-01221-000

APU

3401221000

Description

This exceptional investment opportunity presents a fully occupied, seven-unit mixed-use property located at 114-116 E. Main St, St. Clairsville, Ohio 43950. The property, encompassing 6,762 square feet on a 0.37-acre lot, consists of two buildings, each two stories high, built in 1900. The property includes four residential apartments and three commercial spaces, all currently leased. Recent improvements include a newly sealed and striped parking lot with new lighting, freshly painted exteriors, and renovated common areas with new carpeting and paint. The property boasts one of the largest parking lots in downtown St. Clairsville, providing ample off-street parking for tenants and customers. Long-term tenants and below-market rents offer significant potential for increased cash flow. Detailed financial information, including rent rolls and proforma operating statements, is available upon request. This prime Main Street location offers a compelling opportunity for a savvy investor seeking a strong return on investment in a thriving downtown area. The asking price is $463,000, translating to $68.47 per square foot.

• CAP approach

  CAP return

  Valuation

  6%

  $1,103,027

  6.5%

  $1,018,179

  7%

  $945,452

• Comparable approach

  Method

  Valuation

  Relative Method

  $542,532

  Geo Method

  $542,532

• Alternative Use

  Use

  Valuation

  Residential

  $1,262,542

  Hospitality

  $1,156,482

  Educational

  $962,179

  Medical

  $995,270

  Retail

  $1,496,723

Location Insight

City

Saint Clairsville

County

Belmont

State

Ohio

Latitude

40.0803

Longitude

-80.8999

CBSA code

48540

CBSA name

WHEELING, WV-OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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