118 Center StFostoria, OH 44830
- Land
- 0.07 AC
Property Details for 118 Center St
- Lot size
- 0.07 AC
- Property type
- Land
- Property subtype
- Commercial land
- APN
- P51030968880000
- APU
- P51030968880000
Description
This exceptional commercial property at 118 W CENTER Street, Fostoria, OH, presents a unique investment opportunity in a prime downtown location. The building boasts 5,600 square feet situated on a 0.07-acre lot, offering significant versatility. The main floor provides ample retail space, ideal for a variety of businesses, generating immediate rental income or serving as a perfect space for your own enterprise. Upstairs, the property features two well-maintained apartments: a larger two-bedroom, one-bathroom unit and a smaller, one-bedroom, one-bathroom unit, providing additional income streams. A full basement offers substantial storage space, adding to the property's overall functionality. Recent improvements enhance the property's value and longevity, including a rubber roof installed in 2011 and updated electrical panels, ensuring peace of mind for the new owner. The high-visibility location in downtown Fostoria guarantees excellent exposure for any business operating from the main floor, while the residential units provide a stable rental income. This property is perfect for investors seeking a strong return or entrepreneurs looking to establish their business in a thriving downtown area. The combination of retail and residential units makes this a truly versatile and attractive investment. The asking price is $124,900.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $460,331
- Hospitality
- $421,661
- Educational
- $350,817
- Medical
- $362,882
- Retail
- $545,715
Location Insight
- City
- Fostoria
- County
- Seneca
- State
- Ohio
- Latitude
- 41.1578
- Longitude
- -83.4133
- CBSA code
- 45660
- CBSA name
- TIFFIN, OH MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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