115 Mckinley AveDover, OH 44622

  • Commercial real estate
  • 990 SF
For Sale
$240,000 View listing

Property Details for 115 Mckinley Ave

Year built
1932
Lot size
0.42 AC
Property size (Sq ft)
990 SF
Property type
Commercial real estate
APN
15-04624.000
APU
1504624000

Description

This charming 990-square-foot executive office building presents a unique investment opportunity in Waynesburg, Ohio. Located at 115 N McKinley Ave, this single-tenant property boasts original woodwork and character, situated on a 0.42-acre lot (APN 1504624000). Built in 1932, the building currently operates as a medical office space under commercial zoning. The property features a welcoming foyer, living room with fireplace, kitchen, and dinette. A fenced backyard provides a park-like setting ideal for relaxation or outdoor activities. Upstairs, a large bedroom is complemented by two additional bedrooms and a spacious, updated full bathroom on the third level. A convenient shed offers extra storage or entertainment space. While currently zoned commercial, the property has the potential for residential rezoning; buyers are advised to conduct their own due diligence regarding zoning regulations and timelines. The asking price is $240,000. This property is perfect for an owner-occupant or investor seeking a versatile space in a desirable location. The property's address is 115 N McKinley Ave, Waynesburg, OH 44622.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $213,379
    6.5%
    $196,965
    7%
    $182,896
  • Comparable approach

    Method
    Valuation
    Relative Method
    $92,604.60
    Geo Method
    $92,604.60
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $404,604
    Retail / Commercial
    $204,185
    Mixed-Use / Specialty
    $200,862
    Hospitality / Lodging
    $143,987
    Office
    $196,965
    Institutional / Educational
    $207,888
    Residential Income
    $243,228
    Multifamily
    $306,104
    Automotive / Energy
    $178,189
    Parking / Income-Based Land
    $64,055.20
    Restaurant / Food Service
    $98,930.40
    Healthcare / Senior Housing
    $208,641

Location Insight

City
Dover
County
Tuscarawas
State
Ohio
Latitude
40.5156
Longitude
-81.458
CBSA code
35420
CBSA name
NEW PHILADELPHIA-DOVER, 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
$10
$53,540
$125,030
$178,570
-
$53,540
$125,030
$178,570

FAQs

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