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    993 State St Athens, OH 45701

    Sponsored
    For Sale
    $1,675,000

    2.67 Acres, East State Street, High-Demand Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2.67-acre property at 993 East State Street in Athens, Ohio (APN E030340105400), presents a unique opportunity for commercial development. Zoned for manufacturing, this prime location offers flexibility for various uses, including research and development. Its strategic position directly across from "the Market on State" mall ensures high visibility and accessibility. The property has already been surveyed into three smaller, independently sellable tracts, providing options for buyers seeking smaller acreage parcels. All city utilities are readily available at the street. This site boasts the highest city zoning designation – Manufacturing – maximizing development potential. For larger-scale projects, an adjacent 2.574-acre parcel is also available for purchase, creating a combined 5.244 acres – the largest contiguous development site on East State Street. Adding to its appeal, the property's rear boundary borders the Hockhocking Adena Bikeway, offering a desirable amenity. Detailed information is available. Asking price is $1,675,000.

    Property Features for 993 State St

    General Information

    Property type
    Life science properties
    Lot Size
    116,305 SF

    HighLights

    • 2.67‑acre commercial development site at 993 East State Street, Athens, OH (APN E030340105400).
    • Manufacturing zoning allows for flexible use, including R&D.
    • High visibility across from "the Market on State" mall.
    • Surveyed into three independently sellable parcels.
    • All city utilities available.
    • Highest city zoning designation (Manufacturing).
    Property Profile Location Intelligence

    Current Use by Public Records

    Solid cash advance Loan Agency

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Nail Salon Hotel & Motel Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Athens
    County
    Athens
    State
    Ohio
    Longitude
    -82.0577532
    Latitude
    39.3357881

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    FAQs

    What type of property is this?
    Life science property - 2.67 Acres, East State Street, High-Demand Location
    Where is this life science property located?
    The property is located at 993 State St Athens, OH.
    What is the asking price?
    The asking price for this property is $1,675,000.
    What are key features of this property?
    This property features: 2.67-acre commercial development site at 993 East State Street, Athens, OH (APN E030340105400).; Manufacturing zoning allows for flexible use, including R&D.; High visibility across from "the Market on State" mall.
    Request Owner's contact information
    993 State St Athens, OH 45701
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    Athens, OH 45701
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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
    993 State St Athens, OH 45701
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