331 Main StWintersville, OH 43953

Property Details for 331 Main St

Year built

1923

Lot size

0.23 AC

Property size (Sq ft)

1,292 SF

Property type

Retail space

APN

06-00424-000

APU

600424000

Description

This exceptional mixed-use investment property in Wintersville, Ohio, presents a rare opportunity to acquire a substantial portfolio of commercial real estate. Located on Main Street, this offering encompasses approximately 1.44 acres and boasts an impressive 255 feet of commercial frontage. The property consists of five separate mixed-use buildings currently generating a combined monthly rental income of $2,950. One building is owner-occupied, previously rented for $1200 per month, with the owner responsible for heating costs. The high daily traffic count of approximately 22,000 vehicles ensures significant visibility and potential for increased revenue. The property's eight parcels (five included in the MLS listing, and three additional parcels totaling 0.48 acres with individual parcel numbers 06-01023-000, 03-01179-000, and 06-01234-000) offer flexibility for a variety of uses, including retail, medical facilities, and professional offices. This prime location and substantial property size make it an ideal investment for a discerning buyer seeking significant return on investment in a thriving Ohio community. The asking price for this unique portfolio is $1,100,000. Contact us today to schedule a viewing and explore the possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $361,192

  6.5%

  $333,408

  7%

  $309,593

• Comparable approach

  Method

  Valuation

  Relative Method

  $304,551

  Geo Method

  $304,551

• Alternative Use

  Use

  Valuation

  Residential

  $281,242

  Hospitality

  $257,616

  Educational

  $214,334

  Medical

  $221,705

  Retail

  $333,408

Location Insight

City

Wintersville

County

Jefferson

State

Ohio

Latitude

40.3754

Longitude

-80.6921

CBSA code

48260

CBSA name

WEIRTON-STEUBENVILLE, WV-OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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