Mixed-Use Property with
For Sale
$119,900
180 Washington St, Conneaut, OH 44030
Two-level layout combines professional office space with a residential unit.
Property Size1,512 SF
Price / SF$79.30
Days on Market48
Property Features for 180 Washington St
General Information
Standard status
Active
Size
1,512 SF
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Additional Details
Average Monthly Rent
$650
Building Details
Year Built
1925
Buildings
1
Stories
2
Listing Agency:
Berkshire Hathaway HomeServices Professional Realty
Listed By:
Rick L Furmage · License #408337
(440) 862-0906
Source:
Theacclaimedrealty
Added: Sep 9
Changed: Oct 25
Last Checked: Oct 7 at 1:42PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices Professional Realty
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Investment Insights
Based on property information with market context.
Built in 1925, this 1,512-square-foot mixed-use property combines a professional office layout with residential space. The main level includes three executive offices, a reception area, and a half bath, while the second floor contains a one-bedroom apartment.
The property is located in downtown Conneaut at 180 Washington St, providing a commercial setting with street-facing exposure. Its combination of office and apartment space supports a flexible mixed-use configuration within a compact two-story building.
The property is located in downtown Conneaut at 180 Washington St, providing a commercial setting with street-facing exposure. Its combination of office and apartment space supports a flexible mixed-use configuration within a compact two-story building.
Key Highlights
- 1,512‑square‑foot mixed‑use property
- Three executive offices on the main level
- Reception area and half bath included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,022
Cap Rate
9.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$220,440
$220.4K
Cap Rate 7%
$157,457
$157.5K
Cap Rate 9%
$122,467
$122.5K
Market Conditions
NOI Build-Up for 1,512 SF
Gross rent
$19.6K $12.96/SF
− Vacancy
−$2.0K −$1.30/SF
EGI
$17.6K $11.66/SF
− OpEx
−$6.6K −$4.37/SF
NOI
$11.0K $7.29/SF
Area
Ashtabula County, OH
Vacancy
10.00%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$220,440
Cap Rate 7%
$157,457
Cap Rate 9%
$122,467
Alternative Uses
Best Use
Office B
$206.8K
$181.0K – $241.3K
NOI $14,479 @ 7.0% cap · market cap 12.08%
Second Best
Apartment 5plus
$185.1K
$162.0K – $216.0K
NOI $12,959 @ 7.0% cap · market cap 10.81%
Theoretical Best
Office A
$281.8K
$246.5K – $328.7K
NOI $19,723 @ 7.0% cap · market cap 16.45%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
317
Businesses Nearby
Explore this area
Business Placement
Demographics for 44030, OH
15,868
Population
7,211
Households
2.2
Avg Household Size
43
Median Age
17%
College-Educated
88%
High-School Grad
58.7 sq mi
ZIP Area
270
Density / Sq Mi
$57,264
Median Household Income
$30,785
Median Earnings
$757
Median Rent
$136,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level layout combines professional office space with a residential unit.
Where is this mixed-use property located?
The property is located at 180 Washington St Conneaut, OH.
What is the asking price?
The asking price for this property is $119,900.
What are key features of this property?
This property features: 1,512‑square‑foot mixed‑use property; Three executive offices on the main level; Reception area and half bath included
