This 1,715 square foot office building at 113 Harris Street, Lodi, OH, presents a fantastic business opportunity. Situated on a 0.05-acre lot, the property boasts ample on-street parking directly in front. The interior features a bright and welcoming waiting area, a reception room with two sets of sliding glass windows, four generously sized private offices, a convenient kitchen, and two bathrooms. A rear entrance/exit and a sizable storage room in the back add to the functionality. Recent upgrades include a brand new 200-amp electrical service, ensuring sufficient power for modern business needs. High-speed internet access is provided via Spectrum Fibernet. All windows were replaced in 2020, enhancing energy efficiency and aesthetics. The property also features brand new, upgraded commercial-grade carpeting and vinyl flooring installed in 2024. A newer hot water tank and updated electrical system contribute to the building's overall efficiency and reliability. A dry basement provides additional storage space. This versatile space is ideal for a variety of professional uses, including studios, dental or medical offices, or accounting, law, or other business offices. Its prime location and recent renovations make this an exceptional investment opportunity. The asking price is $900,000.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$325,674
6.5%
$300,622
7%
$279,149
Comparable approach
Method
Valuation
Relative Method
$160,421
Geo Method
$160,421
Alternative Use
Use
Valuation
Residential
$372,771
Hospitality
$341,457
Educational
$284,088
Medical
$293,858
Retail
$441,914
Location Insight
City
Lodi
County
Medina
State
Ohio
Latitude
41.0323
Longitude
-82.0114
CBSA code
17460
CBSA name
CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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