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    204 Main St Newcomerstown, OH 43832

    For Sale
    $199,000

    Prime Newcomerstown location, high rental income potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional investment opportunity presents a mixed-use property located at 204 W Main Street in Newcomerstown, Ohio. The property encompasses two established commercial storefronts and four currently rented apartments, offering immediate cash flow. The apartments are all electric with baseboard heating, a system updated in 2015. The landlord currently covers water and sewer expenses. New flooring and a fresh coat of paint were also applied to the back three apartments in 2015. The storefront on the left boasts a new roof installed in 2016

    Property Features for 204 Main St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    10,019 SF

    Building Details

    Year Built
    1870
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    Newcomerstown
    County
    Tuscarawas
    State
    Ohio
    Longitude
    -81.6083
    Latitude
    40.27575

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Newcomerstown location, high rental income potential.
    Where is this commercial real estate located?
    The property is located at 204 Main St Newcomerstown, OH.
    What is the asking price?
    The asking price for this property is $199,000.
    (740) 492-4264
    Request Owner's contact information
    204 Main St Newcomerstown, OH 43832
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    Newcomerstown, OH 43832
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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
    204 Main St Newcomerstown, OH 43832
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