503 Main StMason, OH 45040

  • Commercial real estate
  • 1,328 SF
For Sale
$3,605,000 View listing

Property Details for 503 Main St

Year built
1907
Construction
BRICK
Lot size
1.31 AC
Property size (Sq ft)
1,328 SF
Property type
Commercial real estate
APN
16-36-259-011-0
APU
16362590110

Description

This exceptional redevelopment opportunity presents 2.36 acres of commercial land in the heart of Mason, Ohio, listed at $3,605,000. The property boasts a total of approximately 37,846 square feet of existing building space, offering significant potential for a variety of uses. The site includes multiple buildings, notably an 11,900 square foot garage constructed in 2016, and the original Mason Lumber building, approximately 10,692 square feet, built in 1907 with subsequent additions. This presents a unique blend of modern and historic structures ripe for repurposing or demolition. The expansive 57,064 square foot lot provides ample space for redevelopment projects. Convenient access is provided via Main Street, 2nd Street, and Western Avenue, ensuring high visibility and accessibility. Currently vacant, this property is ideal for developers seeking a prime location in a thriving Ohio community. The property's rich history and strategic location make it an attractive investment for those seeking a high-impact project with significant upside potential. The asking price reflects the substantial land area, existing structures, and prime location within Mason's commercial district. This is a rare chance to acquire a large, versatile property in a desirable market. The property is zoned for commercial/industrial use.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $171,379
    Hospitality
    $156,982
    Educational
    $130,607
    Medical
    $135,099
    Retail
    $203,167

Location Insight

City
Mason
County
Warren
State
Ohio
Latitude
39.3603
Longitude
-84.3158
CBSA code
17140
CBSA name
CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$11,370
$68,817
$106,575
$175,392
-
$196,620
$304,500
$501,120

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