Current Use by Public Records
- Retail properties & Spaces
Property Details for 421 Madison St
- Year built
- 1997
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This exceptional 2,550 square foot commercial property, located at 421 Madison Street in Russells Point, Ohio, presents a unique investment opportunity. Built in 1997, this former restaurant boasts a desirable location in a high-traffic area near Indian Lake, offering excellent visibility and accessibility. The property sits on a sizable 11,761.2 square foot lot, encompassing four parcels, and includes convenient features such as a drive-through, two restrooms, a walk-in freezer, and a walk-in cooler. Its versatile layout makes it suitable for a variety of uses, including a restaurant, coffee shop, or other retail businesses. The large parking lot ensures ample space for customers, further enhanced by its proximity to a traffic light. The property's strategic location is complemented by its proximity to a newly constructed hotel and conference center, and its convenient walking distance to Indian Lake. The asking price is $499,000, translating to $195.69 per square foot. This represents a rare chance to acquire a well-situated commercial property in a thriving area with significant potential for growth and profitability. The entire 2,550 square feet is net rentable. This turnkey opportunity is ready for its next chapter.
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
- Russells Point
- County
- Logan
- State
- Ohio
- Longitude
- -83.8905
- Latitude
- 40.4689
