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    550 Hebron Rd Heath, OH 43056

    For Sale
    $750,000

    Versatile 4,860 SF Commercial Building in Heath, OH

    Property size:
    4,860 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional commercial property, located at 550 Hebron Road in Heath, Ohio, presents a unique investment opportunity. The 4,860 square foot building sits on a substantial 29,185.2 square foot lot and is priced at $750,000, or $154.32 per square foot. Its versatile nature is highlighted by its past uses as a car lot, car wash, and automotive retail store, offering a blank canvas for a variety of businesses. The property benefits from excellent visibility and accessibility, making it highly attractive to entrepreneurs. The ample paved area provides extensive parking, and a significant advantage is the existence of a right-of-way at the rear of the property, allowing access behind the adjacent Arby's restaurant. This presents potential for expansion or logistical advantages. The building's adaptable layout allows for customization to meet the specific needs of a new owner, offering flexibility for various business models. This prime location in the thriving Heath business area ensures high traffic and visibility, making it an ideal investment for those seeking to establish or expand their commercial presence. The property's history and current features combine to create a compelling opportunity for a discerning investor. The entire 4,860 square feet is net rentable. The property is located in Licking County, Ohio, with a zip code of 43056.

    Property Features for 550 Hebron Rd

    General Information

    Property type
    Specialty properties
    Square Feet
    4,860 SF

    HighLights

    • $750,000 asking price.
    • 4,860 square feet, Special Purpose property.
    • 4,860 square feet net rentable area.
    • $154.32 price per square foot.
    • 29,185.2 square foot lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -82.429464
    Latitude
    40.0372328

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    FAQs

    What type of property is this?
    Specialty property - Versatile 4,860 SF Commercial Building in Heath, OH
    Where is this specialty 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.
    What are key features of this property?
    This property features: $750,000 asking price.; 4,860 square feet, Special Purpose property.; 4,860 square feet net rentable area.
    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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