293 Ellsworth AveSalem, OH 44460
- Healthcare properties
- 1,260 SF
Property Details for 293 Ellsworth Ave
- Year built
- 1966
- Lot size
- 0.10 AC
- Property size (Sq ft)
- 1,260 SF
- Property type
- Healthcare properties
- Property subtype
- Medical offices
- APN
- 51-07480-000
- APU
- 5107480000
Description
This exceptional commercial property, located at 293 N Ellsworth Avenue in the heart of Salem, OH, presents a unique investment opportunity. Situated on a 0.1-acre lot, the building offers significant flexibility for a variety of uses. The seller is open to both sale and lease options, providing considerable adaptability for prospective buyers or tenants. The property's design allows for the creation of either one or two separate units, catering to diverse business needs. A substantial parking lot is included, with an additional parking lot available, ensuring ample space for customers and employees. Potential uses are numerous and include, but are not limited to, medical offices, spas and beauty salons, retail spaces, and bars. The building itself is exceptionally well-constructed, promising durability and longevity. Currently unoccupied, the property is readily available for immediate viewing. Its central Salem location offers excellent visibility and accessibility, making it an ideal choice for businesses seeking a prominent presence in the community. Contact us today to schedule a private showing and explore the endless possibilities this versatile property offers. The asking price is $249,900.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $239,623
- 6.5%
- $221,191
- 7%
- $205,391
-
Comparable approach
- Method
- Valuation
- Relative Method
- $117,860
- Geo Method
- $117,860
-
Alternative Use
- Use
- Valuation
- Residential
- $274,276
- Hospitality
- $251,236
- Educational
- $209,025
- Medical
- $216,214
- Retail
- $325,150
Location Insight
- City
- Salem
- County
- Columbiana
- State
- Ohio
- Latitude
- 40.903
- Longitude
- -80.8569
- CBSA code
- 41400
- CBSA name
- SALEM, OH MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
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- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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