46400 Telegraph RdSouth Amherst, OH 44001

Property Details for 46400 Telegraph Rd

Year built

1974

Lot size

1.84 AC

Property size (Sq ft)

20,632 SF

Property type

Retail properties

Property subtype

Retail space

APN

05-00-029-000-086

APU

500029000086

Description

This exceptional 1.84-acre property located at 46400 Telegraph Road in Amherst, Ohio, presents a remarkable investment opportunity. The substantial multi-use building offers significant potential for a variety of commercial ventures. Currently, a portion of the building generates income through a successful retail store tenant and a separate storage area. A large section of the building, previously used as a church, provides ample space for redevelopment. This area could be easily adapted to accommodate a range of uses, including additional retail space, office space, or even event spaces such as reception halls. The existing retail tenant and storage area provide a stable income stream, while the expansive adaptable space offers significant upside potential for future growth and expansion. The property's size and versatility make it an ideal investment for entrepreneurs and developers seeking a high-return opportunity in a desirable location. The building's substantial size and diverse layout offer flexibility for a wide range of commercial uses, making it a truly unique and promising investment prospect. The current rental income provides a solid foundation for future development, while the potential for expansion and diversification ensures a strong return on investment. This is a rare opportunity to acquire a large, versatile commercial property with significant income potential and a prime location in Amherst, Ohio. The asking price is $449,000.

• CAP approach

  CAP return

  Valuation

  6%

  $5,456,192

  6.5%

  $5,036,485

  7%

  $4,676,736

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,863,392

  Geo Method

  $4,863,392

• Alternative Use

  Use

  Valuation

  Residential

  $4,248,464

  Hospitality

  $3,891,570

  Educational

  $3,237,740

  Medical

  $3,349,091

  Retail

  $5,036,485

Location Insight

City

Amherst

County

Lorain

State

Ohio

Latitude

41.3631

Longitude

-82.2219

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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