40 Stimson AveAthens, OH 45701

Property Details for 40 Stimson Ave

Year built

1925

Lot size

0.14 AC

Property size (Sq ft)

1,624 SF

Property type

Other mixed-use properties

Property subtype

Mixed-use properties

Description

This exceptional mixed-use property at 40 E Stimson Avenue in Athens, Ohio presents a compelling investment opportunity. The building boasts a total of 1,624 square feet situated on a 0.14-acre lot. The ground floor features a newly remodeled office space, ideal for a variety of professional uses. Its prime location and updated amenities offer significant potential for rental income or owner-occupancy. Upstairs, a comfortable two-bedroom apartment provides additional income potential, perfect for an owner-occupant or as a separate rental unit. The property includes a significant advantage: ample off-street parking. Newly striped, the parking area offers twelve designated spaces, providing a valuable amenity for tenants and generating additional rental income. This turnkey investment property combines the benefits of a well-maintained office space with the income potential of a residential unit, all within a highly desirable location. The combination of office and residential space, along with the substantial parking, makes this a rare find in the Athens market. The recent renovations ensure immediate occupancy and minimal upfront investment. This property is priced at $349,000 and represents a strong return on investment.

Location Insight

City

Athens

County

Athens

State

Ohio

Latitude

39.3325

Longitude

-82.0917

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