815 Water StUhrichsville, OH 44683

Property Details for 815 Water St

Year built

1920

Construction

FRAME

Lot size

0.22 AC

Property size (Sq ft)

2,361 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

41-01240.000

APU

4101240000

Description

This exceptional investment opportunity presents a unique blend of commercial and residential real estate in the thriving town of Uhrichsville, Ohio. Located at 815 N Water Street, this property sits on a 0.22-acre lot and offers significant income potential. Currently operating as a dental office, the commercial space provides a stable and established revenue stream. In addition to the commercial space, a two-bedroom apartment is included, currently vacant but boasting a projected rental income of $700-$800 per month. This presents a fantastic opportunity to increase the property's overall profitability through tenant acquisition. The property's prime location on a busy street ensures high visibility and accessibility, making it an attractive proposition for both current and future tenants. The combination of a successful dental practice and a readily rentable apartment makes this a truly diversified investment, offering both immediate income and long-term growth potential. The property is priced competitively at $199,900, representing a compelling return on investment for savvy buyers seeking a mixed-use property in a desirable Ohio location. This is a rare opportunity to acquire a well-situated, income-generating property with significant upside potential. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $449,008

  6.5%

  $414,469

  7%

  $384,864

• Comparable approach

  Method

  Valuation

  Relative Method

  $220,848

  Geo Method

  $220,848

• Alternative Use

  Use

  Valuation

  Residential

  $513,942

  Hospitality

  $470,768

  Educational

  $391,673

  Medical

  $405,144

  Retail

  $609,270

Location Insight

City

Uhrichsville

County

Tuscarawas

State

Ohio

Latitude

40.3969

Longitude

-81.3473

CBSA code

35420

CBSA name

NEW PHILADELPHIA-DOVER, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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