319 Main StColumbiana, OH 44408

Property Details for 319 Main St

Year built

1981

Lot size

0.28 AC

Property size (Sq ft)

6,624 SF

Property type

Medical offices

Property subtype

Medical centers

APN

18-00679-000

APU

1800679000

Description

This 6,600 square foot Class B medical office building, located at 319 N Main St, Columbiana, OH 44408, presents a compelling value-add investment opportunity. Built in 1981 and renovated in 1994, the single-story building sits on a 0.279-acre lot and is currently 50% occupied by three tenants under a gross lease. The property is zoned for commercial use and offers significant upside potential due to the availability of additional leasable space and the limited supply of office space in Columbiana. Priced at $625,000 ($94.70/sq ft), this property is ideally suited for a medical practitioner or other professional office seeking a prime location just north of downtown Columbiana. The building's history as a former medical center provides a strong foundation for continued success in the healthcare sector. This is a rare opportunity to acquire a well-located, multi-tenant medical office building with substantial growth potential in a thriving Ohio community.

• CAP approach

  CAP return

  Valuation

  6%

  $1,259,733

  6.5%

  $1,162,831

  7%

  $1,079,771

• Comparable approach

  Method

  Valuation

  Relative Method

  $619,609

  Geo Method

  $619,609

• Alternative Use

  Use

  Valuation

  Residential

  $1,441,910

  Hospitality

  $1,320,782

  Educational

  $1,098,875

  Medical

  $1,136,667

  Retail

  $1,709,361

Location Insight

City

Columbiana

County

Columbiana

State

Ohio

Latitude

40.8938

Longitude

-80.6946

CBSA code

41400

CBSA name

SALEM, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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