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    Commercial Expansion Ground For Sale Title is generated by Realmo AI

    919 Orchard Street, Zanesville, OH 43701

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    Commercial expansion ground with interstate access, suitable for various uses.

    Type:Mixed Use
    Property size:
    1,128 SF
    Lot size:
    0.10 Acres
    Price / SF:
    $220/SF
    Added:
    Mar 19, 2024
    Days on Market:
    843
    Last Refresh:
    Jun 28 at 12:34 pm

    Property Features for 919 Orchard Street

    General Information

    Standard status
    Active
    Size
    1,128 SF
    Lot size
    0.10 Acres
    Property subtype
    Mixed Use

    Building Details

    Year Built
    1901

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    Alan Wilson
    Alan Wilson

    Listing office Olde Town Realty

    Listing date Mar 19, 2024

    Source Crexi

    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 Olde Town Realty

    HighLights

    • Prime commercial expansion ground designated by City and County
    • High visibility and easy access to Interstate 70 and US60
    • 5229 sq ft of land suitable for various commercial uses
    • All utilities available: sewer, water, gas, electric
    • Surrounded by additional vacant ground for further expansion
    • 63 feet of frontage by 83 feet deep with paved street access

    Overview

    This property offers 5229 square feet of commercial expansion ground, situated just off US60 and in sight of Interstate 70. The site, with dimensions of 63 feet of frontage by 83 feet deep, is surrounded by additional vacant ground, making it suitable for a variety of uses. These include restaurants, motels, retail, office or medical facilities, apartments, and warehouses. Currently, there is one rental residence on the property. The city and county have designated this area as prime for commercial expansion. All utilities are available, including sewer, water, gas, and electric. The location features paved streets and easy interstate access. Additional information is available from the Agent or Port Authority. The property size is 1128 square feet.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $21.7k $19.20
    − Vacancy −$4.8k −$4.22
    EGI $16.9k $14.98
    − OpEx −$4.2k −$3.74
    NOI $12.7k $11.23
    1,128 SF · lease $19.20/SF/yr · vacancy 22.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $181.0K
    $158.4K – $211.2K (±1% cap)
    NOI $12,670 @ 7.0% cap · market cap 5.09%
    Second Best
    Warehouse
    $121.0K
    $105.9K – $141.2K (±1% cap)
    NOI $8,471 @ 7.0% cap · market cap 3.40%
    Theoretical Best
    Office A
    $244.8K
    $214.2K – $285.6K (±1% cap)
    NOI $17,138 @ 7.0% cap · market cap 6.88%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Bakery (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store HVAC Service Parking Lot & Garage (Bike/Boat/Book/etc) Store Grocery & Convenience Store Catering Service Electrical Service (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Zanesville
    County
    Muskingum
    State
    Ohio
    Longitude
    -82.0006206
    Latitude
    39.9426203

    FAQs

    What type of property is this?
    Commercial land - Commercial expansion ground with interstate access, suitable for various uses.
    Where is this commercial land located?
    The property is located at 919 Orchard Street Zanesville, OH.
    What is the asking price?
    The asking price for this property is $249,000.
    What are key features of this property?
    This property features: Prime commercial expansion ground designated by City and County; High visibility and easy access to Interstate 70 and US60; 5229 sq ft of land suitable for various commercial uses
    (740) 607-4750 Call to check price and availability
    More about this property
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