293 Ellsworth AveSalem, OH 44460

  • Healthcare properties
  • 1,260 SF
For Sale
$249,900 View listing

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
293 Ellsworth Ave, Salem, Ohio

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,439
$7,740
$22,230
$29,970
-
$22,100
$63,500
$85,600

FAQs

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