787 Lexington AveMansfield, OH 44907

Property Details for 787 Lexington Ave

Year built

1955

Lot size

0.98 AC

Property size (Sq ft)

4,042 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

027-07-190-07-000

APU

270719007000

Description

This exceptional single-tenant office suite, identified as Suite 311, offers 86 square feet of dedicated workspace, ideal for a sole practitioner or individual requiring a private and efficient office environment. Located within a larger building encompassing 27,768 square feet situated on a 0.982-acre lot, this space provides the perfect blend of privacy and accessibility. The suite is categorized as both a traditional and executive office, suggesting a professional and well-maintained building. The single-tenancy aspect ensures quiet and uninterrupted work, eliminating the distractions often associated with shared office spaces. The compact size is perfect for those seeking a cost-effective solution without compromising on privacy or professionalism. This is an excellent opportunity for an individual professional to establish a productive and private workspace in a well-maintained building. The building itself offers a traditional office environment, suitable for a range of professional uses. The location, while not specified, is implied to be desirable given the description's emphasis on the suite's appeal to those seeking a private workspace. The property's size and classification suggest a well-maintained and potentially prestigious address. This is a rare opportunity to secure a private, efficient, and well-located office space. The 86 square foot layout is designed for optimal functionality and privacy, making it an attractive option for a variety of individual professionals. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $1,121,786

  6.5%

  $1,035,495

  7%

  $961,531

• Comparable approach

  Method

  Valuation

  Relative Method

  $952,784

  Geo Method

  $952,784

• Alternative Use

  Use

  Valuation

  Residential

  $873,478

  Hospitality

  $800,102

  Educational

  $665,675

  Medical

  $688,569

  Retail

  $1,035,495

Location Insight

City

Mansfield

County

Richland

State

Ohio

Latitude

40.7349

Longitude

-82.5323

CBSA code

31900

CBSA name

MANSFIELD, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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