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    23 3Rd St Waterville, OH 43566

    For Sale
    $199,900

    Historic Charm, Modern Potential, 1292 SF

    Property size:
    1,292 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This charming 1,292 square foot retail building, located at 23 S Third Street in the heart of Downtown Waterville, Ohio, presents a unique investment opportunity. Built in 1862 and renovated in 2015, the property boasts a beautifully updated exterior while offering a blank canvas for interior design. The interior layout includes a covered patio, two open rooms, an unfinished kitchen area, a mechanical room, storage space, and a first-floor restroom. A second-story loft adds further potential. The property also features a composite wood patio and a detached shed with power, ideal for additional storage or workspace. The 0.124-acre lot includes a shared driveway with the adjacent property at 13 S. Third Street. Recent improvements include a sump pump replacement in 2024. The property is zoned C-2, offering flexibility for various commercial uses. Its prime location just off old US-24 (Anthony Wayne Trail) ensures high visibility and accessibility. The asking price is $199,900. The Lucas County APN is 96-11140

    Property Features for 23 3Rd St

    General Information

    Property type
    Retail properties
    Square Feet
    1,292 SF
    Lot Size
    5,401 SF

    Building Details

    Year Built/Renovated
    1862/2015

    HighLights

    • 1,292 SF retail building in Downtown Waterville, OH, just off old US‑24.
    • Updated exterior.
    • Move‑in ready space with unfinished interior for customization.
    • Features a covered patio, two open rooms, unfinished kitchen, mechanical room, storage, first‑floor restroom, and second‑story loft.
    • Includes a composite wood patio.
    • Detached shed with power for extra storage or workspace.
    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 Building Supply Gym & Fitness Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Waterville
    County
    Lucas
    State
    Ohio
    Longitude
    -83.719689
    Latitude
    41.498541

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    FAQs

    What type of property is this?
    Retail property - Historic Charm, Modern Potential, 1292 SF
    Where is this retail property located?
    The property is located at 23 3Rd St Waterville, OH.
    What is the asking price?
    The asking price for this property is $199,900.
    What are key features of this property?
    This property features: 1,292 SF retail building in Downtown Waterville, OH, just off old US-24.; Updated exterior.; Move-in ready space with unfinished interior for customization.
    (419) 249-7070
    Request Owner's contact information
    23 3Rd St Waterville, OH 43566
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    Waterville, OH 43566
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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
    23 3Rd St Waterville, OH 43566
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