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Property profile

993 State St Athens, OH 45701

OFF-MARKET
Retail properties & Spaces
2.67 ac lot
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Property summary

AI-generated overview

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 profile

Verified
Property type Retail properties & Spaces
Lot 2.67 ac (116,305 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Loan Service

Location

993 State St Athens, OH 45701
Athens metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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