4 Walton StWillard, OH 44890

Property Details for 4 Walton St

Lot size

0.70 AC

Property type

Retail properties

Property subtype

Parking lots & garages

APN

51-035A-05-012-0400

APU

51035A050120400

Description

This exceptional 11,084 square foot freestanding retail building presents a unique investment opportunity. Located on Walton St E, this single-tenant property boasts a highly desirable location along a main retail corridor, ensuring excellent visibility and accessibility for customers. The 1.398-acre lot provides ample space for potential expansion or outdoor amenities. The property's strategic placement benefits from a high volume of daily traffic, with 10,046 vehicles passing by daily. The building's current vacancy presents a blank canvas for a wide range of retail concepts. The drive-thru opportunity adds significant value, catering to the convenience-focused consumer. The surrounding area is anchored by established businesses such as Black & Decker, Pepperidge Farms, and Lakeside Book Company, indicating a strong and stable commercial environment within the Willard market, characterized by substantial industrial facilities. This property is ideally suited for businesses seeking high visibility, convenient access, and a location within a thriving commercial hub. The entire 11,084 square feet is available for lease, offering a substantial space for a single tenant to establish a significant retail presence. This is a rare opportunity to secure a prime retail location with exceptional visibility and potential for significant return on investment.

• CAP approach

  CAP return

  Valuation

  6%

  $8,466,575

  6.5%

  $7,815,300

  7%

  $7,257,064

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,208,106

  Geo Method

  $7,208,106

• Alternative Use

  Use

  Valuation

  Residential

  $6,592,498

  Hospitality

  $6,038,692

  Educational

  $5,024,121

  Medical

  $5,196,908

  Retail

  $7,815,300

Location Insight

City

Willard

County

Huron

State

Ohio

Latitude

41.0424

Longitude

-82.7256

CBSA code

35940

CBSA name

NORWALK, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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