118 Center StFostoria, OH 44830

  • Land
  • 0.07 AC
For Sale
$124,900 View listing

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
118 Center St, Fostoria, Ohio

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

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
$99
$1,210
-
$1,210
-
$3,470
-
$3,470

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