1099 4 StOntario, OH 44906

  • Retail properties
  • 6,400 SF
For Sale
$599,000 View listing

Property Details for 1099 4 St

Year built
1993
Construction
FRAME
Lot size
0.76 AC
Property size (Sq ft)
6,400 SF
Property type
Retail properties
Property subtype
Retail space
APN
027-03-143-18-000
APU
270314318000

Description

This exceptional 6,400 square foot mixed-use building, constructed in 1993 and extensively renovated in 2019, presents a unique investment opportunity in Mansfield, Ohio. Located at 1099 W Fourth St, 44906, this single-story building boasts a flexible layout ideal for a variety of commercial uses, including retail, office, or flex space. The 2019 renovation included a new roof, four updated heating and cooling units, complete ductwork replacement, upgraded plumbing and electrical systems, enhanced security features, and three remodeled bathrooms. Custom office build-outs are already in place, adding immediate functionality. Benefit from excellent visibility and high traffic counts, averaging approximately 27,000 vehicles daily at the intersection of W 4th St and Trimble Rd. Convenient access to US Route 30 (half a mile north) and proximity to Ontario, a major commercial hub in north-central Ohio, further enhance this property's strategic location. The asking price is $599,000, translating to $93.59 per square foot. Note that fitness equipment and accessories are available for separate purchase. This property offers a compelling blend of modern amenities, prime location, and adaptable space, making it an attractive investment prospect.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,772,003
    6.5%
    $1,635,695
    7%
    $1,518,860
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,508,613
    Geo Method
    $1,508,613
  • Alternative Use

    Use
    Valuation
    Residential
    $1,379,770
    Hospitality
    $1,263,862
    Educational
    $1,051,518
    Medical
    $1,087,682
    Retail
    $1,635,695
1099 4 St, Ontario, Ohio

Location Insight

City
Ontario
County
Richland
State
Ohio
Latitude
40.7658
Longitude
-82.5541
CBSA code
31900
CBSA name
MANSFIELD, 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
$8,736
$25,360
$98,090
$123,450
-
$72,470
$280,260
$352,730

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