293 Ellsworth AveSalem, OH 44460

Property Details for 293 Ellsworth Ave

Year built

1966

Lot size

0.10 AC

Property size (Sq ft)

1,260 SF

Property type

Medical offices

Property subtype

Medical centers

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.

• 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

FAQs

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