325 Columbia StSpringfield, OH 45504
- Motels
- 29,656 SF
For Sale
$1,750,000
View listing
Property Details for 325 Columbia St
- Year built
- 1963
- Construction
- FRAME
- Lot size
- 0.33 AC
- Property size (Sq ft)
- 29,656 SF
- Property type
- Motels
- APN
- 340-07-00035-320-001
- APU
- 3400700035320001
Description
This exceptional commercial property in Springfield, OH, presents a prime investment opportunity. The 26,656 square foot, two-story building currently operates as a 78-unit economy motel, featuring a mix of King and Double Queen suites, designed to cater to diverse guest needs. Situated on a 2-acre lot comprised of five parcels (3400035320002, 3400700035320003, 34007000353220004, 3400700035320005, 340070035320006
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $6,463,498
- 6.5%
- $5,966,306
- 7%
- $5,540,141
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,372,228
- Geo Method
- $1,372,228
-
Alternative Use
- Use
- Valuation
- Residential
- $6,513,472
- Hospitality
- $5,966,306
- Educational
- $4,963,896
- Medical
- $5,134,612
- Retail
- $7,721,616
Location Insight
- City
- Springfield
- County
- Clark
- State
- Ohio
- Latitude
- 39.9261
- Longitude
- -83.8171
- CBSA code
- 44220
- CBSA name
- SPRINGFIELD, OH 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
-
$20,040
$191,840
$211,880
-
$57,260
$548,110
$605,370
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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