638-640 Fountain AveSpringfield, OH 45504

Property Details for 638-640 Fountain Ave

Year built

2005

Construction

FRAME

Lot size

0.17 AC

Property size (Sq ft)

4,778 SF

Property type

Retail space

APN

340-07-00035-116-002

APU

3400700035116002

Description

This remarkable Springfield, OH commercial property, located at 638-640 N Fountain Avenue, presents a unique investment opportunity. The building, formerly the Madison Ave Pharmacy, boasts approximately 4,780 square feet of space and is characterized by its stunning architecture and meticulously maintained landscaping. Inside, a spacious open floor plan bathed in natural light is complemented by several private offices, offering versatility for a wide array of commercial uses. The building's robust construction includes a poured concrete basement with pre-engineered joists, providing ample storage. Energy efficiency is ensured by a state-of-the-art geothermal heating and cooling system with newer pumps. A durable steel roof provides long-term protection. On-site parking is available, supplemented by convenient street parking. Security features include a security system and gated entry. Its prime location, just minutes from downtown Springfield and easily accessible from major routes, guarantees high visibility and accessibility. This property offers an exceptional chance to own a piece of Springfield's history and establish a thriving commercial enterprise. The asking price is $1,000,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,347,733

  6.5%

  $1,244,061

  7%

  $1,155,200

• Comparable approach

  Method

  Valuation

  Relative Method

  $237,079

  Geo Method

  $237,079

• Alternative Use

  Use

  Valuation

  Residential

  $1,049,412

  Hospitality

  $961,256

  Educational

  $799,754

  Medical

  $827,258

  Retail

  $1,244,061

Location Insight

City

Springfield

County

Clark

State

Ohio

Latitude

39.9324

Longitude

-83.8093

CBSA code

44220

CBSA name

SPRINGFIELD, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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