220 3Rd StWellsville, OH 43968

Property Details for 220 3Rd St

Year built

1993

Lot size

0.63 AC

Property size (Sq ft)

8,174 SF

Property type

Retail properties

Property subtype

Retail space

APN

84-01955-000

APU

8401955000

Description

This 7,680 square foot vacant storefront, located at 220 3rd St, Wellsville, OH 43968, presents a unique investment opportunity. The property, built in 1993, sits on a 0.75-acre lot and boasts a prime corner location at the intersection of 3rd and Broadway Streets. Currently available for sale at $1,300,000 or lease at $12 per square foot plus NNN, this single-tenant building offers significant potential for redevelopment. Its previous use as a drugstore makes it ideally suited for conversion to other retail or healthcare uses. The property benefits from a strong location, with proximity to East Liverpool City Hospital (130 acute beds, 4 miles away) and a surrounding area with an average household income exceeding $54,373 within a one-mile radius. The building is vacant, offering immediate occupancy for a new tenant or owner-operator. This is a net lease property with no existing tenant credit rating. The property's size and location make it an attractive option for a variety of businesses seeking a high-visibility storefront in a well-established community. The building is a free-standing structure, providing ample space and flexibility for future development.

• CAP approach

  CAP return

  Valuation

  6%

  $2,285,126

  6.5%

  $2,109,348

  7%

  $1,958,680

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,926,782

  Geo Method

  $1,926,782

• Alternative Use

  Use

  Valuation

  Residential

  $1,779,314

  Hospitality

  $1,629,842

  Educational

  $1,356,009

  Medical

  $1,402,644

  Retail

  $2,109,348

Location Insight

City

Wellsville

County

Columbiana

State

Ohio

Latitude

40.6107

Longitude

-80.6422

CBSA code

41400

CBSA name

SALEM, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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