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    1071 S Us Highway 68 Urbana, OH 43078

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    For Sale
    $349,000

    2.69 acres in Urbana, Ohio with unlimited possibilities.

    Property size:
    1,118 SF
    Lot size:
    0.55 Acres

    Property Features for 1071 S Us Highway 68

    General Information

    Size
    1,118 SF
    Lot size
    0.55 Acres

    Source: RE/MAX Alliance | Urbana Agent Patrick Hamilton

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Urbana Acreage with Development Potential

    This property, totaling 2.69 acres, is located at the intersection of US Hwy 68 and State Route 55 in Urbana, Ohio. It comprises three parcels with addresses 1071 S. Main Street, 1075 S. Main Street and 1077 S. Main Street. The parcel at 1071 S. Main Street features an 1,118 square foot office building with two single-car garage bays. The property at 1075 S. Main Street includes an 896 square foot home with two bedrooms and one bath. The parcel at 1077 S. Main Street contains an older 28x20 garage and a 440 square foot home that is uninhabitable due to a fire. This location is suitable for building a new business.
    Insight Report Location Intelligence

    Current Use by Public Records

    Parking lots & garages

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Similar Places Nearby

    U-Haul Neighborhood Dealer

    Location Insight

    • Map
    • Local Demand
    City
    Urbana
    County
    Champaign
    State
    Ohio
    Longitude
    -83.749279
    Latitude
    40.124148

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    FAQs

    What type of property is this?
    Parking lot & garage - 2.69 acres in Urbana, Ohio with unlimited possibilities.
    Where is this parking lot & garage located?
    The property is located at 1071 S Us Highway 68 Urbana, OH.
    What is the asking price?
    The asking price for this property is $349,000.
    What are key features of this property?
    This property features: - Prime location at the intersection of US Hwy 68 and State Route 55 in Urbana, Ohio.; - Total of 2.69 acres across 3 parcels.; - Includes an **1118 sq ft office building with 2 single-car garage bays** at 1071 S. Main Street.
    (937) 652-1100
    Request Owner's contact information
    1071 S Us Highway 68 Urbana, OH 43078
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    Urbana, OH 43078
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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
    1071 S Us Highway 68 Urbana, OH 43078
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