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

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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