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 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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