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    123-131 N Chestnut St Jefferson, OH 44047

    For Sale
    $575,000

    SINGLE_FAMILY - Jefferson, OH

    Type:Retail
    Lot size:
    0.68 Acres
    Days on Market:
    255
    Last Refresh:
    Dec 5 at 2:06 pm

    Property Features for 123-131 N Chestnut St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential
    Property subtype
    Retail
    TransactionType
    Standard
    Standard status
    Active
    APN
    260190011400
    Parking
    15
    Lot size
    0.68 Acres

    Utilities

    Water source
    Public

    Building Details

    Year built
    1950

    Platinum Real Estate Professionals, LLC (440) 942-2100 [email protected]

    Listing agent Mark C Zervos (216) 990-2100 License #2014001304

    Listing date Mar 26, 2025

    Copyright © 2025 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Jefferson Redevelopment Opportunity

    This offering presents an excellent redevelopment opportunity situated in the heart of Jefferson. The property comprises two parcels, totaling 0.68 acres, featuring 142 feet of frontage on N Chestnut Street (State Route 46). Included on the site is a freestanding building with over 2,600 square feet of space, currently occupied and previously utilized for retail and warehouse purposes. The location benefits from high traffic volume and convenient access from both Ashtabula and Walnut Streets. It is ideally suited for retail, office, or fast-casual dining establishments. Essential utilities such as public water and public sewer are available, along with on-site parking.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jefferson
    County
    Ashtabula
    State
    Ohio
    Longitude
    -80.769826
    Latitude
    41.741316

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    FAQs

    What type of property is this?
    Retail space - Two parcels totaling 0.68 acres in Jefferson, Ohio.
    Where is this retail space located?
    The property is located at 123-131 N Chestnut St Jefferson, OH.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: - Excellent redevelopment opportunity in the heart of Jefferson.; - High-traffic location with 142 feet of frontage on N Chestnut Street (State Route 46).; - Includes two parcels totaling 0.68 acres.
    (216) 990-2100
    Request Owner's contact information
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    Jefferson, OH 44047
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    123-131 N Chestnut St Jefferson, OH 44047
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