862 1St AveGallipolis, OH 45631

  • Other commercial real estate
  • 896 SF
For Sale
$300,000 View listing

Property Details for 862 1St Ave

Year built
1957
Lot size
0.11 AC
Property size (Sq ft)
896 SF
Property type
Other commercial real estate
APN
702401500
APU
702401500

Description

This prime commercial property, located at 862 1/2 1st Avenue in Gallipolis, Ohio, presents a unique redevelopment opportunity. The 4,730 square foot lot, encompassing two parcels totaling approximately one-quarter acre, boasts a highly desirable corner location directly accessible to the Ohio River. Situated in the heart of Gallipolis' downtown business district, this property offers unparalleled visibility and accessibility from both 1st Avenue and 8th Street. Currently zoned commercial, the site's previous uses included a sign shop and multi-unit housing, both of which are now in need of demolition. This presents a blank canvas for a variety of development options, including restaurants, retail spaces, drive-thrus, office buildings, or multi-unit residential projects. The asking price is $300,000, translating to $63.42 per square foot. The property's riverfront location and central downtown position make it an exceptional investment with significant potential for future growth and high returns. The lot extends across 1st Avenue to the Ohio River, providing unique access and potential for waterfront features. This is a rare chance to acquire a substantial commercial property in a thriving Ohio River town. The property's size and location make it ideal for a variety of uses, catering to a wide range of potential investors and developers. Don't miss this chance to secure a piece of Gallipolis' vibrant downtown. The zip code is 45631.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $178,521
    Hospitality
    $163,524
    Educational
    $136,050
    Medical
    $140,729
    Retail
    $211,634
862 1St Ave, Gallipolis, Ohio

Location Insight

City
Gallipolis
County
Gallia
State
Ohio
Latitude
38.8141
Longitude
-82.1948
CBSA code
38580
CBSA name
POINT PLEASANT, WV-OH MICROPOLITAN 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
$1,686
$7,510
$39,360
$46,870
-
$21,470
$112,460
$133,930

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