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    407 Peters Ave Troy, OH 45373

    Sponsored
    For Sale
    $635,000

    0.46-acre lot, 4,296 SF building

    Property size:
    4,296 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property, located at 407 Peters Avenue in Troy, Ohio, presents a unique investment opportunity. The 0.46-acre lot offers significant potential for a variety of commercial ventures. The existing building encompasses 4,296 square feet, providing ample space for immediate use or redevelopment. Situated in Miami County, Ohio, with a Troy zip code of 45373, this property benefits from convenient access to local amenities and transportation routes. The asking price is $635,000. The property is classified as special purpose land with a commercial subtype, offering flexibility for diverse business applications. Given its size and location, this property is ideal for entrepreneurs and investors seeking a strategic foothold in the thriving Troy market. The property's existing structure provides a solid foundation for immediate occupancy or a comprehensive renovation project, tailored to meet specific business needs. Detailed site plans and building specifications are available upon request. This is a rare opportunity to acquire a substantial commercial property in a desirable location. Don't miss out on this chance to secure a prime piece of Troy real estate.

    Property Features for 407 Peters Ave

    General Information

    Property type
    Land
    Square Feet
    4,296 SF
    Lot Size
    20,038 SF

    HighLights

    • 0.46‑acre lot in Troy, OH.
    • 4,296 square foot building.
    • Asking price: $635,000.
    • Located at 407 Peters Avenue, Troy, OH 45373.
    • Special purpose commercial land.
    Property Profile Location Intelligence

    Current Use by Public Records

    Smith Co. Marketing Consultant Bodey's Automotive Auto Repair Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Miami
    State
    Ohio
    Longitude
    -84.2136219
    Latitude
    40.0303899

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    FAQs

    What type of property is this?
    Land - 0.46-acre lot, 4,296 SF building
    Where is this land located?
    The property is located at 407 Peters Ave Troy, OH.
    What is the asking price?
    The asking price for this property is $635,000.
    What are key features of this property?
    This property features: 0.46-acre lot in Troy, OH.; 4,296 square foot building.; Asking price: $635,000.
    Request Owner's contact information
    407 Peters Ave Troy, OH 45373
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    Troy, OH 45373
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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
    407 Peters Ave Troy, OH 45373
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