1099 4 StOntario, OH 44906

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 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.

• 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

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

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