75 Main St Utica, OH 43080
This exceptional commercial property, located at 75 S Main Street in Utica, Ohio, presents a unique investment opportunity. The 31,445 square foot building, constructed in 1900 and extensively renovated in 2020, sits on a 21,780 square foot lot. The property comprises ten individual units, offering a versatile mix of office, retail, and restaurant spaces, catering to a diverse range of tenants. With a total net rentable area of 31,445 square feet, the asking price is $1,850,000, translating to a price per square foot of $58.83. Its prime location in Licking County, Ohio, offers excellent accessibility and proximity to significant developments, providing strong potential for future growth and increased property value. The building's rich history, originally constructed in 1900 during Utica's glass boom, adds to its unique character and appeal. This property is ideal for investors seeking a blend of historical charm and modern functionality in a thriving Ohio community. The 2020 renovation ensures the building is equipped with contemporary amenities while retaining its distinctive architectural features. This presents a rare chance to acquire a substantial commercial property with significant upside potential in a strategically advantageous location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.