1188 Park AveMansfield, OH 44905

Property Details for 1188 Park Ave

Year built

1976

Lot size

1.00 AC

Property size (Sq ft)

2,580 SF

Property type

Bars

Property subtype

Pubs

APN

025-09-291-14-000

APU

250929114000

Description

This exceptional commercial property presents a unique investment opportunity in Mansfield, Ohio. Strategically located at the highly visible intersection of State Route 430 and Stewart Road, this property boasts an impressive 303 feet of frontage on State Route 430 and 235 feet on Stewart Road. The 1720 square foot brick building sits on a substantial 2.03-acre lot, offering ample space for expansion or the addition of complementary amenities. The signalized intersection ensures unparalleled visibility and accessibility for potential customers. Its convenient location offers easy access to major transportation routes, including State Route 30, State Route 39, and Interstate 71, guaranteeing a consistent flow of traffic. The versatile building is suitable for a wide range of commercial uses, from retail establishments and restaurants to service businesses. The expansive lot provides significant potential for future development and growth. This property is priced at $550,000 and represents an exceptional opportunity for investors seeking a high-traffic, high-visibility location in a thriving area. The possibilities are endless for a savvy entrepreneur looking to establish a new business or expand an existing one.

• CAP approach

  CAP return

  Valuation

  6%

  $717,577

  6.5%

  $662,379

  7%

  $615,066

• Comparable approach

  Method

  Valuation

  Relative Method

  $608,160

  Geo Method

  $608,160

• Alternative Use

  Use

  Valuation

  Residential

  $558,742

  Hospitality

  $511,804

  Educational

  $425,815

  Medical

  $440,460

  Retail

  $662,379

Location Insight

City

Mansfield

County

Richland

State

Ohio

Latitude

40.7607

Longitude

-82.4743

CBSA code

31900

CBSA name

MANSFIELD, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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