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    514 Park Ave Ave Mansfield, OH 44906

    For Sale
    $89,900

    Prime Location, Updated Building, High Visibility

    Property size:
    9,581 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional mixed-use property, situated at 514 Park Avenue West in Mansfield, Ohio, presents a unique investment opportunity. Spanning 9,581 square feet on a 0.31-acre lot, this nearly completed building boasts three potential commercial units and two residential apartments. Its prime location on a busy main road ensures high visibility and significant foot traffic, ideal for attracting customers and tenants. Recent renovations have transformed this property into a turnkey asset. Improvements include a brand-new roof, completely updated electrical and plumbing systems, fresh paint throughout, new carpeting and linoleum flooring, and modern bathroom and kitchen fixtures. The updated baseboard heating system offers energy efficiency, minimizing operational costs. The building's versatility allows for a variety of uses, making it suitable for both established businesses seeking expansion and entrepreneurs looking to launch their ventures. With minimal cosmetic work remaining, this property is ready for immediate occupancy and income generation. The combination of its strategic location, recent upgrades, and diverse unit options makes this a compelling investment prospect with strong potential for rental income and capital appreciation. Don't miss this chance to acquire a high-value property in a thriving area.

    Property Features for 514 Park Ave Ave

    General Information

    Property type
    Mixed-use properties
    Square Feet
    9,581 SF
    Lot Size
    13,504 SF

    Building Details

    Year Built
    1900
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Map

    City
    Mansfield
    County
    Richland
    State
    Ohio
    Longitude
    -82.53428
    Latitude
    40.75923

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Location, Updated Building, High Visibility
    Where is this mixed-use property located?
    The property is located at 514 Park Ave Ave Mansfield, OH.
    What is the asking price?
    The asking price for this property is $89,900.
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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
    514 Park Ave Ave Mansfield, OH 44906
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