Mixed-Use Building with Historic
102 E Main St, St Clairsville, OH 43950
For Sale
$1,800,000
The property combines partially furnished apartments with ground-floor commercial space and includes an elevator and backup generator.
Property Size19,932 SF
Price / SF$90.31
Days on Market32
Property Features for 102 E Main St
General Information
Standard status
Size
Elevators
Property subtype
Site & Location
Road Access
Utilities to Site
Additional Details
Multifamily Units
Amenities
historic grand lobby
backup generator
new roof
gas forced heat
central A/C
Building Details
Year Built
Year Renovated
Buildings
Construction
Listing Agency:
Harvey Goodman, REALTOR
Listed By:
Jay H Goodman · License #BRKP.2012000489
(773) 936-6511
Source:
Themucciteam
Added: Oct 7
Changed: Nov 7
Last Checked: Nov 7 at 6:19PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Harvey Goodman, REALTOR
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Investment Insights
Based on property information with market context.
This 19,932-square-foot mixed-use building at 102 E Main St in St. Clairsville contains 18 units: 16 partially furnished apartments and two commercial spaces. Built in 1900, it received a complete gut renovation in 2013. Interior and building features include a historic grand lobby, elevator, backup generator, new roof, rear parking, gas forced heat, and central A/C. Municipal water and sewer serve the property.
The building sits across from the Belmont County Courthouse on St. Clairsville’s primary commercial artery. Daily traffic counts exceed 7,600 vehicles.
The building sits across from the Belmont County Courthouse on St. Clairsville’s primary commercial artery. Daily traffic counts exceed 7,600 vehicles.
Key Highlights
- 18 units: 16 partially furnished apartments and 2 commercial spaces
- 19,932 square feet
- Complete gut renovation in 2013; building constructed in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$118,672
Cap Rate
6.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,373,440
$2.4M
Cap Rate 7%
$1,695,314
$1.7M
Cap Rate 9%
$1,318,578
$1.3M
Market Conditions
NOI Build-Up for 19,932 SF
Gross rent
$232.0K $11.64/SF
− Vacancy
−$16.2K −$0.81/SF
EGI
$215.8K $10.83/SF
− OpEx
−$97.1K −$4.87/SF
NOI
$118.7K $5.95/SF
Area
Belmont County, OH
Vacancy
7.00%
Lease Rate
$11.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,373,440
Cap Rate 7%
$1,695,314
Cap Rate 9%
$1,318,578
Alternative Uses
Best Use
Apartment 5plus
$1.70M
$1.48M – $1.98M
NOI $118,672 @ 7.0% cap · market cap 6.59%
Second Best
Mixed Use
$953.2K
$834.0K – $1.11M
NOI $66,723 @ 7.0% cap · market cap 3.71%
Theoretical Best
Specialty Retail
$3.91M
$3.42M – $4.56M
NOI $273,513 @ 7.0% cap · market cap 15.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
16
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
498
Businesses Nearby
Explore this area
Business Placement
Demographics for 43950, OH
16,212
Population
6,683
Households
2.4
Avg Household Size
46
Median Age
25%
College-Educated
91%
High-School Grad
81.7 sq mi
ZIP Area
198
Density / Sq Mi
$73,135
Median Household Income
$25,718
Median Earnings
$916
Median Rent
$212,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines partially furnished apartments with ground-floor commercial space and includes an elevator and backup generator.
Where is this mixed-use property located?
The property is located at 102 E Main St St Clairsville, OH.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 18 units: 16 partially furnished apartments and 2 commercial spaces; 19,932 square feet; Complete gut renovation in 2013; building constructed in 1900
