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Property profile & analytics
OFF-MARKET
Specialty properties

347 Main St Utica, OH 43080

9,218 SF Built 1945
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents a stabilized, value-add multi-tenant retail property located at 347 S Main Street, Utica, OH 43080. The property encompasses a 1.808-acre triangular parcel with 296 feet of frontage on Rt. 13 (Main St.), conveniently situated just south of Rt. 62 in the thriving Licking County market. The complex consists of two one-story buildings totaling 10,427 net rentable square feet, currently housing six businesses operating at 100% occupancy. The property features a billboard generating additional income. Two tenants are currently utilizing, or in the process of installing, drive-up windows, enhancing operational efficiency and customer convenience. Built in 1945, this property offers significant upside potential. The asking price is $1,000,000, translating to $95.90 per square foot. The property's strong tenant base and prime location in a high-growth area make it an attractive investment for discerning buyers seeking a stable, high-yield return. The lot size is 78,408 square feet. Please note: Do not disturb tenant businesses.

Property profile
Verified
Property type Specialty properties
Year built 1945
Total area 9,218 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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