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    267 Main St Johnstown, OH 43031

    Sponsored
    For Sale
    $1,500,000

    27,000+ sq ft, Vacant, Value-Add Opportunity

    Property size:
    27,334 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use property, located at 267 N Main Street in Johnstown, Ohio, presents a compelling value-add investment opportunity. The 27,334 square foot facility sits on a 41,382 square foot lot and comprises two buildings, each two stories high. Currently vacant, this Class C property offers significant potential for redevelopment or repurposing. Previously used as a senior living center, the property features 48 beds spread across two units and underwent renovations in 2008. Priced at $1,500,000 ($54.88/sq ft), this property is ideally suited for a variety of uses, including but not limited to medical offices, data centers, traditional office space, or conversion into other suitable ventures. Its prime location in Johnstown, Ohio (zip code 43031) offers excellent visibility and accessibility. The property is owned by a corporation and is available for immediate purchase. This is a rare chance to acquire a substantial property in a growing community, ripe for revitalization and offering a strong return on investment. The property is currently vacant, allowing for immediate occupancy and customization to suit the buyer's specific needs. Serious inquiries only.

    Property Features for 267 Main St

    General Information

    Property type
    Retirement homes
    Square Feet
    27,334 SF
    Class
    C

    Building Details

    Year Renovated
    2008
    Buildings
    2
    Stories
    2
    Units
    2

    HighLights

    • 27,334 SF mixed‑use building on a 41,382 SF lot in Johnstown, OH (43031).
    • Currently vacant, Class C property, priced at $1,500,000 ($54.88/SF).
    • Two two‑story buildings, previously a senior living center (48 beds), renovated in 2008.
    • Suitable for redevelopment into medical offices, data centers, or other uses.
    • Excellent visibility and accessibility; immediate occupancy available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retirement homes

    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
    Johnstown
    County
    Licking
    State
    Ohio
    Longitude
    -82.689466263832
    Latitude
    40.158609666741

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    FAQs

    What type of property is this?
    Retirement home - 27,000+ sq ft, Vacant, Value-Add Opportunity
    Where is this retirement home located?
    The property is located at 267 Main St Johnstown, OH.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: 27,334 SF mixed-use building on a 41,382 SF lot in Johnstown, OH (43031).; Currently vacant, Class C property, priced at $1,500,000 ($54.88/SF).; Two two-story buildings, previously a senior living center (48 beds), renovated in 2008.
    Request Owner's contact information
    267 Main St Johnstown, OH 43031
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    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
    267 Main St Johnstown, OH 43031
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