140 Mansfield AveShelby, OH 44875

Property Details for 140 Mansfield Ave

Year built

1963

Construction

FRAME

Lot size

1.94 AC

Property size (Sq ft)

39,637 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

046-08-068-02-000

APU

460806802000

Description

This exceptional 39,637 square foot commercial property, located at 140 Mansfield Avenue, Shelby, Ohio 44875, presents a unique investment opportunity. Situated on a 1.94-acre lot (APN 046-08-068-02-000), this single-tenant building boasts a rich history as a former grocery store and retail center. Its versatile layout and ample space make it ideal for adaptive reuse, catering to a wide range of businesses. Imagine transforming this space into an indoor pickleball facility, a vibrant entertainment zone, creative office spaces, or a specialty retail establishment. The property's convenient location, near Mickey Rd., and abundant parking further enhance its appeal. The property comes with an existing carryout license and Sunday sales permit. This is a rare chance to acquire a substantial commercial property with significant upside potential in a desirable location. The property's size and adaptability offer a blank canvas for a creative entrepreneur seeking a distinctive and functional space. Don't miss this opportunity to own a piece of Shelby's commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $10,974,512

  6.5%

  $10,130,319

  7%

  $9,406,725

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,343,265

  Geo Method

  $9,343,265

• Alternative Use

  Use

  Valuation

  Residential

  $8,545,303

  Hospitality

  $7,827,452

  Educational

  $6,512,348

  Medical

  $6,736,318

  Retail

  $10,130,319

Location Insight

City

Shelby

County

Richland

State

Ohio

Latitude

40.8723

Longitude

-82.6489

CBSA code

31900

CBSA name

MANSFIELD, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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