113 Harris StLodi, OH 44254

Property Details for 113 Harris St

Year built

1956

Construction

TYPE NOT SPECIFIED

Lot size

0.05 AC

Property size (Sq ft)

1,715 SF

Property type

Office properties

Property subtype

Office buildings

APN

015-26A-14-156

APU

01526A14156

Description

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.

• 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

Property Tax & Assessments

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