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.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$508,876
6.5%
$469,732
7%
$436,179
Comparable approach
Method
Valuation
Relative Method
$220,848
Geo Method
$220,848
Alternative Use
Use
Valuation
Industrial / Distribution
$964,918
Retail / Commercial
$486,950
Mixed-Use / Specialty
$479,025
Hospitality / Lodging
$343,386
Institutional / Educational
$495,780
Residential Income
$580,063
Multifamily
$730,011
Automotive / Energy
$424,954
Parking / Income-Based Land
$152,762
Restaurant / Food Service
$235,934
Healthcare / Senior Housing
$497,578
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
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Water St Uhrichsville, OH 44683
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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