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    612 Waterloo St Canal Winchester, OH 43110

    Sponsored
    For Sale
    $499,900

    Prime Commercial Lot, 1276 SF Building

    Property size:
    1,276 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Canal Winchester property offers 1,276 square feet on a 22,215.6 square foot lot, boasting 99+ feet of frontage on West Waterloo Street. The existing 1959-built ranch-style building features three bedrooms, two bathrooms, and a two-car garage, presenting a unique opportunity for renovation or demolition. Zoned General Commercial, the site is ideal for a variety of uses, including retail, restaurant, or professional office space. Full utility availability is ensured. The property's prime location directly across from a new 40,000 square foot OhioHealth outpatient campus (approved for 2024) offers significant potential for growth and visibility. Its proximity to Downtown Canal Winchester, Waterloo Crossing shopping center, major retailers like Walmart, Home Depot, and Kroger, and numerous restaurants enhances its appeal. Easy access to US-33 provides excellent transportation links. The possibility of assemblage with adjacent parcels further expands development options. The asking price is $499,900, translating to $391.77 per square foot. Additional acreage is available via MLS# 224003417.

    Property Features for 612 Waterloo St

    General Information

    Property type
    Specialty properties
    Square Feet
    1,276 SF

    Building Details

    Year Built
    1959

    HighLights

    • $499,900 asking price.
    • 1,276 square feet, Special Purpose property.
    • $391.77 per square foot.
    • 1959 year built.
    • 22,215.6 square foot lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    Canal Winchester
    County
    Franklin
    State
    Ohio
    Longitude
    -82.8191008
    Latitude
    39.8542322

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    FAQs

    What type of property is this?
    Specialty property - Prime Commercial Lot, 1276 SF Building
    Where is this specialty property located?
    The property is located at 612 Waterloo St Canal Winchester, OH.
    What is the asking price?
    The asking price for this property is $499,900.
    What are key features of this property?
    This property features: $499,900 asking price.; 1,276 square feet, Special Purpose property.; $391.77 per square foot.
    Request Owner's contact information
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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
    612 Waterloo St Canal Winchester, OH 43110
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