600 Springmill StMansfield, OH 44903

Property Details for 600 Springmill St

Year built

2013

Construction

FRAME

Lot size

1.03 AC

Property size (Sq ft)

12,108 SF

Property type

Retail properties

Property subtype

Retail space

APN

027-04-016-06-000

APU

270401606000

Description

This exceptional 11,380-square-foot freestanding retail building presents a unique investment opportunity in Mansfield, Ohio. Situated on a 1.06-acre corner lot at 600 Springmill Street, the property boasts excellent visibility with frontage on both Springmill and Harker Streets. Built in 1975, the single-story building offers ample space for a variety of commercial uses, and presents the potential for conversion to light industrial space. The property includes 41 parking spaces, ensuring convenient access for customers and employees. Its prime location offers easy access to major highway interchanges, enhancing its appeal to businesses seeking convenient transportation links. The property's prominent corner location also allows for the installation of pylon signage, providing significant advertising potential. The Richland County location, with APN 027-04-180-03-000, and zip code 44903, makes this a highly desirable property for businesses seeking a strong presence in the Mansfield market. The entire 11,380 square feet is currently vacant, offering immediate occupancy for a new tenant or owner-occupier. This is a rare opportunity to acquire a substantial freestanding building with significant potential in a strategic location.

• CAP approach

  CAP return

  Valuation

  6%

  $3,360,350

  6.5%

  $3,101,861

  7%

  $2,880,300

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,854,108

  Geo Method

  $2,854,108

• Alternative Use

  Use

  Valuation

  Residential

  $2,616,536

  Hospitality

  $2,396,733

  Educational

  $1,994,054

  Medical

  $2,062,632

  Retail

  $3,101,861

Location Insight

City

Mansfield

County

Richland

State

Ohio

Latitude

40.7711

Longitude

-82.5269

CBSA code

31900

CBSA name

MANSFIELD, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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