404 Wayne StPiqua, OH 45356

Property Details for 404 Wayne St

Year built

1950

Lot size

0.03 AC

Property size (Sq ft)

2,340 SF

Property type

Office properties

Property subtype

Office buildings

APN

N44-002205

APU

N44002205

Description

This exceptional 2,340 square foot commercial building, situated on a 0.03-acre lot at 404 N Wayne Street in the heart of Piqua, OH, presents a unique investment opportunity. Currently configured as a doctor's office, the property's adaptability makes it ideal for a wide range of businesses. The first floor boasts multiple exam rooms, a kitchenette, ample storage, mechanical rooms, and a welcoming entry area. This layout is easily convertible to suit various professional services, such as beauty salons, barber shops, or law offices. The second floor offers a flexible layout with potential for residential use, including areas suitable for a kitchen, living room, bathroom, and possibly two bedrooms. This live-work arrangement allows for significant cost savings. The property benefits from a recently replaced roof, eliminating immediate maintenance concerns. Its central location in a busy downtown area ensures high visibility and accessibility, making it an attractive proposition for entrepreneurs seeking a thriving business environment. The building's versatility, combined with its prime location and recent roof replacement, makes this a compelling investment opportunity with significant upside potential. The asking price is $169,900.

• CAP approach

  CAP return

  Valuation

  6%

  $449,010

  6.5%

  $414,471

  7%

  $384,866

• Comparable approach

  Method

  Valuation

  Relative Method

  $46,075

  Geo Method

  $46,075

• Alternative Use

  Use

  Valuation

  Residential

  $513,944

  Hospitality

  $470,770

  Educational

  $391,675

  Medical

  $405,145

  Retail

  $609,272

Location Insight

City

Piqua

County

Miami

State

Ohio

Latitude

40.1499

Longitude

-84.2412

CBSA code

19430

CBSA name

DAYTON-KETTERING, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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