10595 State Route 550Vincent, OH 45784

Property Details for 10595 State Route 550

Year built

1997

Lot size

0.36 AC

Property size (Sq ft)

2,800 SF

Property type

Office buildings

APN

50013032000

APU

50013032000

Description

This exceptional commercial property, located at 10595 State Route 550 in Vincent, Ohio, presents a unique investment opportunity. The building boasts a substantial 5600 square feet of finished space, meticulously divided to maximize functionality and efficiency. The main level encompasses 2800 square feet, featuring six individual offices, two well-appointed bathrooms, and two spacious conference rooms, all complemented by a welcoming front desk and waiting area. The lower level mirrors this functionality, offering an additional 2800 square feet with two offices, two bathrooms, and three generously sized conference rooms. Ample parking is provided with 17 designated spaces, ensuring convenience for both employees and clients. The building is equipped with a forced air gas furnace and central air conditioning, guaranteeing year-round comfort. Furthermore, it benefits from the convenience of city water and public sewer connections. This property is currently under lease, providing immediate income potential. Serious inquiries only from pre-approved buyers are encouraged. The 0.36-acre lot offers potential for future expansion or development. This is an excellent opportunity to acquire a well-maintained, income-producing commercial property in a desirable location. The property's layout and features make it ideal for a variety of businesses seeking a professional and functional workspace. The existing lease provides a stable income stream, making this a compelling investment for discerning buyers.

• CAP approach

  CAP return

  Valuation

  6%

  $487,394

  6.5%

  $449,902

  7%

  $417,766

• Comparable approach

  Method

  Valuation

  Relative Method

  $261,912

  Geo Method

  $261,912

• Alternative Use

  Use

  Valuation

  Residential

  $557,879

  Hospitality

  $511,014

  Educational

  $425,158

  Medical

  $439,779

  Retail

  $661,356

Location Insight

City

Vincent

County

Washington

State

Ohio

Latitude

39.3989

Longitude

-81.6654

CBSA code

31930

CBSA name

MARIETTA, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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