530 Main StOberlin, OH 44074

Property Details for 530 Main St

Year built

1979

Lot size

0.96 AC

Property size (Sq ft)

4,464 SF

Property type

Office buildings

APN

09-00-105-000-014

APU

900105000014

Description

This single-story, 4,464 square foot commercial building in Oberlin, Ohio, presents a versatile investment opportunity. Built in 1973 and renovated in 2000, the property is zoned C-2 and sits on a 0.968-acre lot (APN: 0900105000014, Lorain County). The building, previously used as a bank branch office, offers adaptable space suitable for various light medical, office, or research uses. The layout allows for either single-tenant occupancy of the entire building or division into two independent units, each with its own entrance, kitchen, restrooms, and climate control. Existing office workstations are included in the front suite. Amenities include high-speed internet access, 32 surface parking spaces, and central air conditioning. The property boasts full accessibility and a convenient location near the intersection of Route 20 and Route 58, approximately 25 minutes from the airport and 40 minutes from Downtown Cleveland. This property offers a unique blend of functionality and location, making it an ideal choice for a variety of businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $842,798

  6.5%

  $777,967

  7%

  $722,398

• Comparable approach

  Method

  Valuation

  Relative Method

  $417,563

  Geo Method

  $417,563

• Alternative Use

  Use

  Valuation

  Residential

  $964,679

  Hospitality

  $883,641

  Educational

  $735,179

  Medical

  $760,463

  Retail

  $1,143,612

Location Insight

City

Oberlin

County

Lorain

State

Ohio

Latitude

41.2772

Longitude

-82.2184

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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