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    550 Hebron Rd Heath, OH 43056

    Sponsored
    For Sale
    $750,000

    Versatile Mixed-Use Building, High Visibility

    Property size:
    4,860 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 4,860 square foot mixed-use commercial property, situated on a 0.67-acre lot at 550 Hebron Road in Heath, Ohio, presents a unique investment opportunity. Previously utilized as a car lot, car wash, and automotive retail store, this property offers significant flexibility for a variety of commercial uses. Its prime location ensures high visibility and accessibility, making it an attractive option for businesses seeking a strong presence in the thriving Heath market. The expansive paved area provides ample parking for customers and employees. A notable feature is the convenient right-of-way at the rear of the property, offering access behind the adjacent Arby's restaurant. This access point adds to the property's versatility and potential for expansion or modification to suit specific business needs. The property's history as a successful automotive center demonstrates its suitability for similar ventures, while its adaptable layout allows for a wide range of alternative commercial applications. The asking price is $750,000. This is a rare chance to acquire a well-located, adaptable commercial property with significant potential for growth and return on investment in a dynamic business environment. The property's size and location make it an ideal candidate for redevelopment or repurposing to meet the demands of a modern commercial landscape.

    Property Features for 550 Hebron Rd

    General Information

    Property type
    Mixed-use properties
    Square Feet
    4,860 SF
    Lot Size
    29,185 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Heath
    County
    Licking
    State
    Ohio
    Longitude
    -82.42947
    Latitude
    40.03726

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    FAQs

    What type of property is this?
    Mixed-use property - Versatile Mixed-Use Building, High Visibility
    Where is this mixed-use property located?
    The property is located at 550 Hebron Rd Heath, OH.
    What is the asking price?
    The asking price for this property is $750,000.
    (740) 522-7946
    Request Owner's contact information
    550 Hebron Rd Heath, OH 43056
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    Heath, OH 43056
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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
    550 Hebron Rd Heath, OH 43056
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