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

Medical offices

Property subtype

Medical centers

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 Income

  $613,878

  Hospitality / Lodging

  $562,309

  Institutional / Educational

  $467,834

  Healthcare / Senior Housing

  $483,924

  Retail / Commercial

  $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

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