1431 Hayes AveSandusky, OH 44870

  • Retail properties
  • 1,426 SF
For Sale
$99,000 View listing

Property Details for 1431 Hayes Ave

Year built
1900
Lot size
0.06 AC
Property size (Sq ft)
1,426 SF
Property type
Retail properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
1431 Hayes Ave, Sandusky, Ohio

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

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
$530
$500
$7,280
$7,780
-
$1,430
$20,800
$22,230

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