16531 State Route 3 Loudonville, OH 44842
- Mixed-use properties
- 3,660 SF
- 1.69 lot acres
Current Use by Public Records
- Mixed-use properties
Property Details for 16531 State Route 3
- Year built
- 1971
- Lot size
- 1.69 lot acres
- Property size
- 3,660 SF
- Property type
- Mixed-use properties
Description
This exceptional mixed-use property in Loudonville, Ohio, presents a unique investment opportunity. Situated on 1.69 acres of land, the 3,660 square foot building offers versatile space ideal for a variety of commercial ventures or even a live/work arrangement. Currently operating as a dry goods wholesale store, the property boasts a well and septic system, ample gravel parking, and central air conditioning. The building is thoughtfully divided: one half functions as a warehouse, while the other half comprises a storefront, a newly renovated bathroom, and a dedicated office space. The location just outside of Loudonville offers easy access to the Mohican area, providing a blend of rural tranquility and convenient access to amenities. The existing infrastructure, including the well and septic, eliminates significant upfront costs. This property is perfect for entrepreneurs seeking a ready-to-use space to launch or expand their business, or for investors looking for a strong return on investment. The expansive acreage provides ample room for future expansion or development, making it a truly versatile and promising property with endless possibilities. The combination of existing building improvements and the substantial land area makes this a rare find in the Loudonville market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Loudonville
- County
- Holmes
- State
- Ohio
- Longitude
- -82.215
- Latitude
- 40.6426
