1050 Valley StMinerva, OH 44657

Property Details for 1050 Valley St

Year built

1983

Construction

BRICK

Lot size

1.40 AC

Property type

Retail properties

Property subtype

Drive through restaurants

APN

08-0000995.000

APU

80000995000

Description

This exceptional 1.401-acre parcel located at 1050 Valley Street in Minerva, Ohio, presents a remarkable opportunity for quick-service restaurant development. Priced at $275,000, this property boasts a highly desirable B-2 Commercial zoning designation, ensuring flexibility and suitability for a variety of QSR concepts. The site's strategic location on Valley Street benefits from significant daily traffic volume, with counts reaching 6,828 vehicles per day, providing exceptional visibility and accessibility for potential customers. Situated in Carroll County, Ohio, with a 44657 zip code, this property offers convenient access to local amenities and a strong customer base. The expansive lot size provides ample space for building construction, parking, and landscaping, allowing for a comprehensive and attractive QSR establishment. This is an ideal investment for entrepreneurs seeking a prime location with high traffic counts and favorable zoning regulations to establish a thriving quick-service restaurant business. The property's address is 1050 Valley Street, Minerva, OH 44657. This is a rare opportunity to acquire a well-positioned lot in a growing community.

• CAP approach

  CAP return

  Valuation

  6%

  $17,048,710

  6.5%

  $15,737,271

  7%

  $14,613,180

• Comparable approach

  Method

  Valuation

  Relative Method

  $14,375,197

  Geo Method

  $14,375,197

• Alternative Use

  Use

  Valuation

  Residential

  $13,274,977

  Hospitality

  $12,159,807

  Educational

  $10,116,817

  Medical

  $10,464,750

  Retail

  $15,737,271

Location Insight

City

Minerva

County

Carroll

State

Ohio

Latitude

40.7188

Longitude

-81.114

CBSA code

15940

CBSA name

CANTON-MASSILLON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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