Current Use by Public Records
- Specialty properties
Property Details for 347 Main St
- Year built
- 1945
- Property type
- Specialty properties
- Property subtype
- Retail properties & Spaces
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Utica
- County
- Licking
- State
- Ohio
- Longitude
- -82.4523
- Latitude
- 40.2286
