198 Park AveMansfield, OH 44902

Property Details for 198 Park Ave

Year built

2001

Construction

FRAME

Lot size

0.79 AC

Property size (Sq ft)

7,279 SF

Property type

Retail space

APN

027-03-116-18-000

APU

270311618000

Description

This exceptional 7,000 square foot retail space is ideally situated at 198 Park Avenue West in Mansfield, Ohio, 44902. Boasting a prominent location on the northeast corner of Park Avenue West and Bowman Street, this single-tenant property offers unparalleled visibility and accessibility for businesses seeking a high-traffic location. The entire 7,000 square feet is currently vacant, presenting a unique opportunity for a wide range of retail ventures to establish a strong presence in the Mansfield market. The property's substantial size allows for flexible layouts and configurations to accommodate diverse business needs. Its prime corner location ensures maximum exposure to pedestrian and vehicular traffic, maximizing potential customer reach. This is a rare opportunity to secure a significant retail space in a desirable location with excellent visibility and ample square footage. The property is ready for immediate occupancy, allowing businesses to quickly establish operations and capitalize on the high-traffic area. Interested parties are encouraged to inquire promptly to secure this exceptional retail opportunity. The property's address is 198 Park Ave W, Mansfield, OH 44902. The latitude and longitude coordinates are 40.7593677, -82.522387 respectively.

• CAP approach

  CAP return

  Valuation

  6%

  $2,020,157

  6.5%

  $1,864,760

  7%

  $1,731,563

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,715,812

  Geo Method

  $1,715,812

• Alternative Use

  Use

  Valuation

  Residential

  $1,572,995

  Hospitality

  $1,440,855

  Educational

  $1,198,774

  Medical

  $1,240,002

  Retail

  $1,864,760

Location Insight

City

Mansfield

County

Richland

State

Ohio

Latitude

40.7592

Longitude

-82.5226

CBSA code

31900

CBSA name

MANSFIELD, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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