2906 Washington BlvdBelpre, OH 45714

Property Details for 2906 Washington Blvd

Year built

1969

Lot size

0.52 AC

Property size (Sq ft)

5,476 SF

Property type

Medical offices

Property subtype

Medical centers

APN

80039190000

APU

80039190000

Description

This exceptional 5,476-square-foot free-standing building, formerly a dialysis clinic, presents a unique investment opportunity. Situated in Washington County, Ohio, this single-tenant property offers convenient access to major transportation arteries, including Washington Boulevard, OH-7, US-50, and I-77, ensuring seamless commutes for staff and clients. Its strategic location near Marietta Memorial Hospital and the Belpre Medical Campus makes it ideally suited for medical practices or other office uses. The building boasts 15 dedicated parking spaces, providing ample convenience for patients and employees. The property is a single-story Class C building and is anticipated to be available for occupancy in late March or early April 2024. The lease rate is $16.00 per square foot, NNN. This presents a compelling opportunity to acquire a well-positioned, functional space in a thriving medical corridor. The building's previous use as a dialysis clinic suggests existing infrastructure suitable for medical practices, potentially reducing renovation costs. The ample parking and convenient location are key advantages in attracting and retaining both staff and clients. This property is ready for immediate occupancy by a discerning tenant seeking a well-located and functional office space.

• CAP approach

  CAP return

  Valuation

  6%

  $953,203

  6.5%

  $879,880

  7%

  $817,031

• Comparable approach

  Method

  Valuation

  Relative Method

  $512,225

  Geo Method

  $512,225

• Alternative Use

  Use

  Valuation

  Residential

  $1,091,051

  Hospitality

  $999,397

  Educational

  $831,487

  Medical

  $860,083

  Retail

  $1,293,424

Location Insight

City

Belpre

County

Washington

State

Ohio

Latitude

39.2799

Longitude

-81.6217

CBSA code

31930

CBSA name

MARIETTA, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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