534 Fulton StSandusky, OH 44870

Property Details for 534 Fulton St

Year built

1945

Lot size

0.08 AC

Property size (Sq ft)

2,487 SF

Property type

Retail properties

Property subtype

Other individual retail properties

APN

59-00132-000

APU

5900132000

Description

This exceptional mixed-use property at 534 Fulton St, Sandusky, OH 44870, presents a compelling investment opportunity. The 2,648 square foot building, constructed in 1945, sits on a 0.08-acre lot (APN 5900132000) and boasts a prime location across from Miami Park at a busy six-point intersection, ensuring high visibility. The property features a ground floor retail space, previously a beauty salon, offering ample open area, a separate bathroom, and a laundry room equipped with gas heat and central air. Upstairs, two residential apartments provide additional income streams. A one-bedroom unit currently leases for $650 per month, while the two-bedroom unit has a rental potential of $900 per month. Both apartments benefit from recently updated stairs and decks, and each unit has individual utility meters. The building also includes a basement offering valuable storage space. The property is currently 33% occupied, with a total of three units. The asking price is $160,000, translating to $60.42 per square foot. This mixed-use building offers a unique blend of commercial and residential income potential in a vibrant urban setting. The property's strategic location and versatile layout make it an ideal investment for both seasoned and aspiring entrepreneurs.

• CAP approach

  CAP return

  Valuation

  6%

  $657,694

  6.5%

  $607,102

  7%

  $563,738

• Comparable approach

  Method

  Valuation

  Relative Method

  $586,238

  Geo Method

  $586,238

• Alternative Use

  Use

  Valuation

  Residential

  $512,114

  Hospitality

  $469,093

  Educational

  $390,280

  Medical

  $403,702

  Retail

  $607,102

Location Insight

City

Sandusky

County

Erie

State

Ohio

Latitude

41.45

Longitude

-82.7134

CBSA code

41780

CBSA name

SANDUSKY, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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