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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

23 3Rd St Waterville, OH 43566

1,292 SF 0.12 ac lot Built 1862
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Retail properties & Spaces
Year built 1862
Total area 1,292 SF
Lot 0.12 ac (5,401 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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