191 Main StConneaut, OH 44030

  • Retail space
  • 6,270 SF
For Sale
$130,000 View listing

Property Details for 191 Main St

Year built
1910
Construction
WOOD
Lot size
0.10 AC
Property size (Sq ft)
6,270 SF
Property type
Retail space
APN
12-117-00-021-00
APU
121170002100

Description

This exceptional 6,270 square foot commercial building, located at 191 Main Street in the heart of Conneaut, Ohio, presents a remarkable investment opportunity. Situated on a 0.36-acre lot, this property boasts a prime downtown location with high visibility and excellent foot traffic. Its rich history includes successful operation as a tanning salon, hair salon, and various retail businesses, demonstrating its versatility and adaptability to a wide range of commercial uses. The expansive interior offers 6,270 square feet of open, adaptable space, ready to be customized to meet the needs of your business. Existing infrastructure caters to multiple uses, making it ideal for retail, office space, or a variety of other commercial ventures. The building's location offers easy access to key amenities and benefits from the bustling activity of the downtown area. This property represents a unique chance to acquire a substantial commercial space in a thriving Ohio community, offering significant potential for growth and success. The asking price is $130,000. Don't miss this chance to own a piece of Conneaut's vibrant downtown.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,393,270
    6.5%
    $1,286,090
    7%
    $1,194,230
  • Comparable approach

    Method
    Valuation
    Relative Method
    $609,956
    Geo Method
    $609,956
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $2,622,120
    Mixed-Use / Specialty
    $1,235,400
    Hospitality / Lodging
    $846,339
    Office
    $1,180,030
    Institutional / Educational
    $1,267,840
    Residential Income
    $1,483,370
    Multifamily
    $2,034,700
    Automotive / Energy
    $1,086,720
    Parking / Income-Based Land
    $420,569
    Restaurant / Food Service
    $544,132
    Healthcare / Senior Housing
    $1,314,160

Location Insight

City
Conneaut
County
Ashtabula
State
Ohio
Latitude
41.9434
Longitude
-80.5536
CBSA code
11780
CBSA name
ASHTABULA, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$912
$2,280
$9,940
$12,220
-
$6,500
$28,400
$34,900

FAQs

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