1020 Cadiz RdWintersville, OH 43953

Property Details for 1020 Cadiz Rd

Year built

1959

Lot size

0.42 AC

Property size (Sq ft)

3,828 SF

Property type

Commercial real estate

APN

03-01875-000

APU

301875000

Description

This exceptional 3,495 square foot commercial property, located at 1020 Cadiz Rd, Wintersville, OH 43953, presents a unique investment opportunity. Situated on a 0.75-acre lot (APN: 03-01875-000 0301875001), the property currently consists of a vacant building previously used as a motel and a cycle shop. The motel structure is not considered salvageable, offering a blank canvas for redevelopment. The existing cycle shop generates a monthly rental income of $250. The property's zoning and permitted uses should be independently verified. The substantial square footage and prime location in Wintersville, Jefferson County, Ohio, make this an attractive proposition for various commercial ventures. The property's versatility allows for a range of redevelopment options, from expanding the existing cycle shop to creating a new retail space, auto shop, or car wash, aligning with its previous uses. The asking price is $175,000. This property offers significant potential for substantial return on investment. Serious inquiries are encouraged to explore the possibilities of this unique commercial property. All information should be independently verified.

• CAP approach

  CAP return

  Valuation

  6%

  $825,064

  6.5%

  $761,598

  7%

  $707,198

• Comparable approach

  Method

  Valuation

  Relative Method

  $358,071

  Geo Method

  $358,071

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,564,470

  Retail / Commercial

  $789,516

  Mixed-Use / Specialty

  $776,665

  Hospitality / Lodging

  $556,748

  Office

  $761,598

  Institutional / Educational

  $803,832

  Residential Income

  $940,483

  Multifamily

  $1,183,600

  Automotive / Energy

  $688,999

  Parking / Income-Based Land

  $247,680

  Restaurant / Food Service

  $382,531

  Healthcare / Senior Housing

  $806,747

Location Insight

City

Wintersville

County

Jefferson

State

Ohio

Latitude

40.3754

Longitude

-80.7263

CBSA code

48260

CBSA name

WEIRTON-STEUBENVILLE, WV-OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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