1431 Hayes AveSandusky, OH 44870
- Retail properties
- 1,426 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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