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    565 Main St Wellsville, OH 43968

    For Sale
    $59,900

    Former Bank Building - Huge Potential

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional 875 square foot commercial property, located at 565 Main Street in Wellsville, Ohio, presents a unique investment opportunity. Situated on a 0.26-acre lot with ample concrete parking, this well-maintained former bank building boasts excellent visibility from its Main Street location. The property includes an additional overhead area previously used as a drive-thru, offering versatile layout options for a variety of businesses. The solid construction ensures durability and longevity, while the prime location in Wellsville guarantees high foot traffic and exposure. This property is situated within a Federal Opportunity Zone, potentially offering significant tax advantages to qualified investors. The building's adaptable floor plan allows for creative repurposing, making it suitable for a wide range of commercial uses. While the building's history as a bank suggests a strong foundation, potential buyers should be aware of a possible deed restriction prohibiting its use as a financial institution. This restriction should be verified independently through due diligence. The asking price of $59,900 makes this a compelling investment opportunity for those seeking a well-located, adaptable commercial space with significant upside potential. The property's size and location make it an ideal candidate for a variety of commercial ventures. Don't miss this chance to acquire a piece of Wellsville's commercial landscape.

    Property Features for 565 Main St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    11,326 SF

    Building Details

    Year Built
    1981
    Property Profile Location Intelligence

    Current Use by Public Records

    CFBank Atm Consumers National Bank Bank

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Wellsville
    County
    Columbiana
    State
    Ohio
    Longitude
    -80.64516
    Latitude
    40.60695

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    FAQs

    What type of property is this?
    Commercial real estate - Former Bank Building - Huge Potential
    Where is this commercial real estate located?
    The property is located at 565 Main St Wellsville, OH.
    What is the asking price?
    The asking price for this property is $59,900.
    (740) 264-7131
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    565 Main St Wellsville, OH 43968
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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
    565 Main St Wellsville, OH 43968
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