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    1610 State Blvd Salem, OH 44460

    For Sale
    $250,000

    2.5-Acre Property, Ready to Operate

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    313
    This exceptional 2.5-acre property located at 1610 State Boulevard in Salem, Ohio, presents a unique investment opportunity. Currently configured as a daycare center, the property is ideally suited for continued operation in this capacity, offering numerous existing learning and play areas ready for immediate use. The expansive 2.5-acre lot provides ample space for outdoor activities and potential expansion. The building's interior layout is designed to accommodate the needs of a daycare, featuring multiple rooms suitable for various age groups and activities. The property's convenient Salem location ensures easy accessibility for families and staff. This turnkey operation eliminates the need for extensive renovations or build-out, allowing for a swift commencement of business. The asking price of $250,000 represents a compelling value for a ready-to-operate daycare center on such a sizable lot. The property's potential extends beyond its current use

    Property Features for 1610 State Blvd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    108,900 SF

    Building Details

    Year Built
    1960
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Building Supply Clothing Store Gym & Fitness Auto Repair Shop Wholesale Shop Accounting Firm Department Store Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Columbiana
    State
    Ohio
    Longitude
    -80.8887
    Latitude
    40.90159

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    FAQs

    What type of property is this?
    Commercial real estate - 2.5-Acre Property, Ready to Operate
    Where is this commercial real estate located?
    The property is located at 1610 State Blvd Salem, OH.
    What is the asking price?
    The asking price for this property is $250,000.
    (330) 533-5900
    Request Owner's contact information
    1610 State Blvd Salem, OH 44460
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    Salem, OH 44460
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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
    1610 State Blvd Salem, OH 44460
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