108 Main St Cadiz, OH 43907
- Warehouses
- 1,800 SF
Current Use by Public Records
- Warehouses
Property Details for 108 Main St
- Year built
- 1900
- Construction
- BRICK
- Property size
- 1,800 SF
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- 05-0001900.000
- APU
- 50001900000
Description
This exceptional mixed-use property, located at 108 S Main Street in the heart of Cadiz, OH, presents a compelling investment opportunity. The 1,800 square foot building sits on a 0.05-acre lot and is currently fully occupied, generating immediate rental income. The ground floor boasts a retail space, perfectly suited for a diverse range of businesses, and a one-bedroom, one-bathroom apartment. Upstairs, two additional spacious apartments are available, each featuring two bedrooms and one bathroom. This configuration provides a balanced mix of commercial and residential income streams, offering a stable and potentially lucrative investment. The property's prime downtown location ensures high visibility and accessibility, attracting both tenants and customers. The existing tenant occupancy minimizes vacancy risk and provides a solid foundation for future growth and potential appreciation. This turnkey investment is ready for immediate returns, making it an attractive option for seasoned investors seeking a reliable addition to their portfolio or for those new to commercial real estate looking for a strong start. The property's strong rental history and desirable location combine to create a compelling investment opportunity with significant long-term potential. The asking price is $319,900.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $180,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $190,000
- 6.5%
- $185,000
- 7%
- $185,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $195,000
- Geo Method
- $175,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $180,000
- Retail
- $185,000
- Mixed-Use
- $240,000
- Hospitality
- $235,000
- Educational
- $175,000
- Residential Income
- $240,000
- Energy
- $190,000
- Income-Based Land
- $230,000
- Food Service
- $175,000
Location Insight
- Map
- Local Demand
- City
- Cadiz
- County
- Harrison
- State
- Ohio
- Longitude
- -80.9971
- Latitude
- 40.2726