406 Main StFort Loramie, OH 45845

Property Details for 406 Main St

Construction

WOOD FRAME

Lot size

0.31 AC

Property size (Sq ft)

2,795 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

31-1707153.012

APU

311707153012

Description

This exceptional 2,795 square foot medical office building is located at 406 S Main Street in Fort Loramie, Ohio, and is offered at $525,000. The property boasts a convenient location in Shelby County, Ohio, with ample parking including four dedicated spaces. The main floor features five individual medical offices, flexible workspace, a reception desk area, a reception room, two full bathrooms, a half bathroom, and a dedicated handwashing station. The layout is well-suited for a variety of medical practices or office uses. A full finished basement provides additional flexible space, storage, and a full bathroom, offering significant expansion potential or extra storage. This turnkey property presents a fantastic opportunity for medical professionals or investors seeking a well-maintained and functional space in a desirable location. The property is ready for immediate occupancy and offers a strong return on investment. The building's size and layout provide flexibility for a range of medical or office uses, making it an attractive option for various businesses. The inclusion of ample parking further enhances its appeal and practicality. This is a rare opportunity to acquire a well-established medical office building in a thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $536,318

  6.5%

  $495,063

  7%

  $459,701

• Comparable approach

  Method

  Valuation

  Relative Method

  $55,034

  Geo Method

  $55,034

• Alternative Use

  Use

  Valuation

  Residential

  $613,878

  Hospitality

  $562,309

  Educational

  $467,834

  Medical

  $483,924

  Retail

  $727,742

Location Insight

City

Fort Loramie

County

Shelby

State

Ohio

Latitude

40.3372

Longitude

-84.375

CBSA code

43380

CBSA name

SIDNEY, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].