153 Benedict AveNorwalk, OH 44857

Property Details for 153 Benedict Ave

Year built

1961

Lot size

0.18 AC

Property size (Sq ft)

1,423 SF

Property type

Retail properties

Property subtype

Gas stations

APN

33-0060-05-061-0000

APU

330060050610000

Description

This Norwalk, Ohio, commercial property presents a compelling investment opportunity. The 1,443-square-foot convenience store building sits on a 0.85-acre lot, boasting 136 feet of frontage and a single curb cut. Built in 1961, the single-story structure is zoned for commercial use and includes 23 parking spaces, a prominent pole sign, and is conveniently located at 153 Benedict Ave, Norwalk, OH 44857. The property features two parcel numbers: 330060050600000 and 330060050610000. The asking price is $130,000, translating to $90.09 per square foot. Annual property taxes are $216.55 and $796.66 (split payments). This presents a unique chance to acquire a well-situated retail space with significant potential for redevelopment or continued operation as a convenience store. The property's size and location make it ideal for a variety of commercial uses. Its established presence in a high-traffic area offers immediate revenue potential. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $393,994

  6.5%

  $363,687

  7%

  $337,709

• Comparable approach

  Method

  Valuation

  Relative Method

  $335,431

  Geo Method

  $335,431

• Alternative Use

  Use

  Valuation

  Residential

  $306,783

  Hospitality

  $281,012

  Educational

  $233,798

  Medical

  $241,839

  Retail

  $363,687

Location Insight

City

Norwalk

County

Huron

State

Ohio

Latitude

41.235

Longitude

-82.6094

CBSA code

35940

CBSA name

NORWALK, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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