1431 Hayes AveSandusky, OH 44870

Property Details for 1431 Hayes Ave

Year built

1900

Lot size

0.06 AC

Property size (Sq ft)

1,426 SF

Property type

Retail space

APN

58-00788-000

APU

5800788000

Description

This 1,426 square foot commercial property is located at 1431 Hayes Avenue, Sandusky, OH, on a highly visible corner lot at the intersection of Hayes Avenue and West Osborne Street. The building previously operated as an art gallery and features a large front retail area, ideal for a variety of businesses. A private office provides space for administrative tasks, while a 400 square foot classroom, perfect for training or small group meetings, adds versatility. A kitchenette and storage room offer added convenience. The property's strategic location between Firelands Hospital and Firelands South Campus makes it particularly well-suited for medical practices such as doctors' or dentists' offices. Other potential uses include investment opportunities, CPA firms, or law offices, given its proximity to other professional businesses in the area. The building is heated by a hot water boiler system. Additional parking and a garage located behind the property on West Osborne Street are available for separate purchase. The lot size is 0.06 acres. The asking price is $99,900.

• CAP approach

  CAP return

  Valuation

  6%

  $377,110

  6.5%

  $348,101

  7%

  $323,237

• Comparable approach

  Method

  Valuation

  Relative Method

  $336,138

  Geo Method

  $336,138

• Alternative Use

  Use

  Valuation

  Residential

  $293,637

  Hospitality

  $268,969

  Educational

  $223,779

  Medical

  $231,476

  Retail

  $348,101

Location Insight

City

Sandusky

County

Erie

State

Ohio

Latitude

41.4426

Longitude

-82.7108

CBSA code

41780

CBSA name

SANDUSKY, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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