315 Main StOrwell, OH 44076

Property Details for 315 Main St

Year built

1973

Construction

WOOD

Lot size

0.83 AC

Property size (Sq ft)

3,300 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

39-013-10-084-00

APU

390131008400

Description

This exceptional 3,300 square foot commercial property located at 315 E Main Street, Orwell, Ohio, presents a remarkable investment opportunity. Previously utilized as a doctor's office, this well-appointed building offers a versatile layout suitable for a variety of professional uses, including medical practices or general office spaces. The property boasts six exam rooms, a large waiting area, a dedicated front office, a physician's office, and two bathrooms. Additional functional spaces include a lab room, staff lounge, storage room, utility room, and a manager's office, providing ample space for diverse business needs. The building benefits from recent upgrades, including a new furnace, air conditioning system, and roof, ensuring low maintenance and immediate occupancy. Ample parking is provided with a 24-space lot, offering convenience for both staff and clients. Situated on a 0.83-acre lot, this property is ideally positioned in Orwell, Ohio, offering excellent visibility and accessibility. The asking price is $350,000. This presents a compelling opportunity for investors seeking a strong return or businesses looking for a move-in ready space. Don't miss this chance to acquire a well-maintained, versatile commercial property in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $593,670

  6.5%

  $548,003

  7%

  $508,860

• Comparable approach

  Method

  Valuation

  Relative Method

  $308,682

  Geo Method

  $308,682

• Alternative Use

  Use

  Valuation

  Residential

  $679,524

  Hospitality

  $622,440

  Educational

  $517,863

  Medical

  $535,673

  Retail

  $805,564

Location Insight

City

Orwell

County

Ashtabula

State

Ohio

Latitude

41.5356

Longitude

-80.8563

CBSA code

11780

CBSA name

ASHTABULA, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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