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    2721 Mink St Johnstown, OH 43031

    Sponsored
    For Sale
    $1,875,000

    Prime 3.46-Acre Commercial Lot

    Property size:
    1,557 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1,557 square foot commercial property, built in 1950, sits on a substantial 3.46-acre lot (150,717.6 sq ft) at the hard corner of Mink and Jug Streets in Johnstown, Ohio (zip code 43031). The property boasts maximum road frontage, offering unparalleled visibility and accessibility. Its strategic location places it advantageously between Intel and the 161 Expressway, ensuring high traffic volume and significant exposure to potential customers. Currently configured as a gas station and convenience store with additional retail space, this property presents a unique opportunity for a variety of commercial ventures. The asking price is $1,875,000, translating to $1,204.24 per square foot. The entire 1,557 square feet is net rentable. This prime location and substantial lot size make this property an ideal investment for entrepreneurs seeking a high-traffic, high-visibility location in a rapidly growing area. The property's existing infrastructure provides a solid foundation for immediate occupancy or redevelopment, catering to a wide range of commercial uses. Consider the potential for expansion or repurposing to capitalize on the property's exceptional location and substantial lot size. This is a rare opportunity to acquire a significant commercial property in a thriving Ohio market.

    Property Features for 2721 Mink St

    General Information

    Property type
    Specialty properties
    Square Feet
    1,557 SF

    Building Details

    Year Built
    1950

    HighLights

    • $1,875,000 asking price.
    • 1,557 square foot Special Purpose building.
    • $1,204.24 price per square foot.
    • Built in 1950.
    • 150,717.6 square foot lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Auto Repair Shop Storage Facility Pet Grooming Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Johnstown
    County
    Licking
    State
    Ohio
    Longitude
    -82.7133685
    Latitude
    40.0949994

    Nearby Comparable

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    Nearby Similar for Sale

    • $697,500
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      Johnstown Mixed-Use Investment Opportunity

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      12026 Jug St, Johnstown, OH 43031
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    FAQs

    What type of property is this?
    Specialty property - Prime 3.46-Acre Commercial Lot
    Where is this specialty property located?
    The property is located at 2721 Mink St Johnstown, OH.
    What is the asking price?
    The asking price for this property is $1,875,000.
    What are key features of this property?
    This property features: $1,875,000 asking price.; 1,557 square foot Special Purpose building.; $1,204.24 price per square foot.
    Request Owner's contact information
    2721 Mink St Johnstown, OH 43031
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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
    2721 Mink St Johnstown, OH 43031
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