161 Lincoln AveSalem, OH 44460

Property Details for 161 Lincoln Ave

Year built

1948

Lot size

0.25 AC

Property size (Sq ft)

10,376 SF

Property type

Office buildings

APN

51-00805-000

APU

5100805000

Description

This exceptional commercial property, located at 161 N Lincoln Avenue in Salem, Ohio, presents a compelling redevelopment opportunity. The 17,000 square foot building sits on a 0.71-acre lot and boasts a highly visible street presence with over 100 feet of frontage on North Lincoln Avenue. Constructed in 1948, this two-story Class C building offers a versatile mix of office and warehouse space, ideal for a variety of uses. Features include large open office areas, a former pressroom, a convenient loading dock, and a service elevator. Ample parking is provided with over 20 spaces available on-site. The property's zoning allows for mixed-use development, providing flexibility for potential buyers. The building's substantial size and prime location in Columbiana County, Ohio, (zip code 44460) make it an attractive investment for those seeking a significant commercial property with high redevelopment potential. The property is classified as Commercial, Industrial, and Traditional Office. This is a rare opportunity to acquire a substantial property in a growing area. The asking price is $800,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,973,278

  6.5%

  $1,821,487

  7%

  $1,691,381

• Comparable approach

  Method

  Valuation

  Relative Method

  $970,571

  Geo Method

  $970,571

• Alternative Use

  Use

  Valuation

  Residential

  $2,258,644

  Hospitality

  $2,068,906

  Educational

  $1,721,306

  Medical

  $1,780,504

  Retail

  $2,677,586

Location Insight

City

Salem

County

Columbiana

State

Ohio

Latitude

40.9017

Longitude

-80.8519

CBSA code

41400

CBSA name

SALEM, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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