1099 4 StOntario, OH 44906
- Retail properties
- 6,400 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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