50 Prospect StNorwalk, OH 44857

  • Retail properties
  • 2,550 SF
For Sale
$1,400,000 View listing

Property Details for 50 Prospect St

Year built
1880
Lot size
0.53 AC
Property size (Sq ft)
2,550 SF
Property type
Retail properties
Property subtype
Turn key restaurants
APN
33-0210-11-004-0000
APU
330210110040000

Description

This exceptional turnkey business opportunity presents the chance to acquire a well-established and beloved restaurant located at 50 N PROSPECT Street, Norwalk, OH. This isn't just a business

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $706,032
    6.5%
    $651,722
    7%
    $605,171
  • Comparable approach

    Method
    Valuation
    Relative Method
    $601,088
    Geo Method
    $601,088
  • Alternative Use

    Use
    Valuation
    Residential
    $549,752
    Hospitality
    $503,570
    Educational
    $418,964
    Medical
    $433,373
    Retail
    $651,722
50 Prospect St, Norwalk, Ohio

Location Insight

City
Norwalk
County
Huron
State
Ohio
Latitude
41.2449
Longitude
-82.6145
CBSA code
35940
CBSA name
NORWALK, 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
$2,172
$10,590
$32,900
$43,490
-
$30,270
$94,010
$124,280

FAQs

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