63 Court StAthens, OH 45701

Property Details for 63 Court St

Year built

1920

Lot size

0.07 AC

Property size (Sq ft)

9,928 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

A02-81400092-00

APU

A028140009200

Description

This exceptional Class A retail and restaurant space, located in the vibrant Uptown Athens submarket cluster, presents a unique leasing opportunity. The property, known as The Lostro, boasts a total of 34,000 square feet across four stories within a single building, constructed in 1915 and extensively renovated in 2024. Currently, 7,000 square feet of immediately available space is perfect for a variety of commercial uses. The minimum divisible space is 7,000 square feet, offering flexibility for larger tenants. Situated on two acres of land, the property benefits from convenient street parking. The building features modern amenities including elevators and robust 400-amp power. Its prime location, with convenient access to Union Street, places it at the heart of Uptown Athens' bustling commercial district. The property is zoned for commercial use and benefits from a low tax rate of $8 per square foot. This meticulously renovated building offers a blend of historic charm and contemporary functionality, making it an ideal location for discerning businesses seeking a high-profile presence in a thriving market. The building's impressive size and modern upgrades make it a truly exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $2,540,395

  6.5%

  $2,344,980

  7%

  $2,177,481

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,340,236

  Geo Method

  $2,340,236

• Alternative Use

  Use

  Valuation

  Residential

  $1,978,078

  Hospitality

  $1,811,909

  Educational

  $1,507,487

  Medical

  $1,559,332

  Retail

  $2,344,980

Location Insight

City

Athens

County

Athens

State

Ohio

Latitude

39.3312

Longitude

-82.1013

CBSA code

11900

CBSA name

ATHENS, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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