325 Dewey AveCambridge, OH 43725

Property Details for 325 Dewey Ave

Lot size

0.88 AC

Property type

Hospitality properties

Property subtype

Motels

APN

06-0002857.000

APU

60002857000

Description

This exceptional 1.75-acre commercial property, situated at 325 Dewey Avenue in Cambridge, Ohio, presents a unique investment opportunity. Located on US 22-40, the historic National Road, this site enjoys high visibility and accessibility at a key entry point to Cambridge. The property's expansive size and prime location offer considerable flexibility for a variety of development projects. Potential uses could include senior living facilities, patio homes, townhouses, low-income housing, or even a gas station/convenience store with a drive-thru. The existing structure is not described, presenting a blank canvas for a developer to realize their vision. Guernsey County's current needs suggest a strong market for several of the aforementioned possibilities. This property's strategic location on a major thoroughfare ensures high traffic volume and excellent exposure, making it an attractive proposition for investors seeking significant return on investment. The asking price is $650,000. Serious inquiries are encouraged. This is a rare chance to acquire a substantial commercial parcel in a desirable location with immense potential for future growth and profitability.

• CAP approach

  CAP return

  Valuation

  6%

  $8,242,708

  6.5%

  $7,608,653

  7%

  $7,065,178

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,388,073

  Geo Method

  $8,388,073

• Alternative Use

  Use

  Valuation

  Residential

  $8,306,438

  Hospitality

  $7,608,653

  Educational

  $6,330,310

  Medical

  $6,548,019

  Retail

  $9,847,149

Location Insight

City

Cambridge

County

Guernsey

State

Ohio

Latitude

40.0221

Longitude

-81.5978

CBSA code

15740

CBSA name

CAMBRIDGE, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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