750 Park AveColumbiana, OH 44408

Property Details for 750 Park Ave

Year built

2000

Lot size

6.37 AC

Property size (Sq ft)

18,722 SF

Property type

Medical offices

Property subtype

Medical centers

APN

18-00080-000

APU

1800080000

Description

This exceptional 18,722 square foot office building, situated on a generous 6.37-acre lot at 750 E Park Avenue in Columbiana, Ohio, presents a unique investment opportunity. Formerly the Salem Regional Medical Center, the property boasts immaculate condition and is ready for immediate occupancy. The building's substantial size offers ample space for a variety of office uses, making it ideal for a large organization or multiple tenants. Its prime location in Columbiana provides excellent accessibility and visibility. The property is being offered at $3,900,000. Potential buyers should be aware that deed restrictions are in place regarding the permitted usage of the facility. Detailed information concerning these restrictions is available upon request. This is a rare chance to acquire a well-maintained, substantial office building in a desirable location. The expansive layout and move-in ready condition make this property an attractive option for businesses seeking a significant and immediately usable space. The ample acreage offers potential for future expansion or additional development. Serious inquiries are encouraged to explore this exceptional opportunity further. Contact us to schedule a viewing and obtain the complete details regarding the deed restrictions.

• CAP approach

  CAP return

  Valuation

  6%

  $3,560,496

  6.5%

  $3,286,612

  7%

  $3,051,854

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,751,256

  Geo Method

  $1,751,256

• Alternative Use

  Use

  Valuation

  Residential Income

  $4,075,399

  Hospitality / Lodging

  $3,733,043

  Institutional / Educational

  $3,105,848

  Healthcare / Senior Housing

  $3,212,663

  Retail / Commercial

  $4,831,320

Location Insight

City

Columbiana

County

Columbiana

State

Ohio

Latitude

40.889

Longitude

-80.6772

CBSA code

41400

CBSA name

SALEM, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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