152 Continental Dr Salem, OH 44460
- Automotive properties
- 30,200 SF
- 5.16 lot acres
Current Use by Public Records
- Donnell Ford Lincoln of Salem Parts / Auto Parts Store
- Donnell Ford Lincoln of Salem Service / Auto Repair Shop
- Donnell Ford Lincoln of Salem Lincoln Parts / Auto Parts Store
- Donnell Ford Lincoln of Salem Lincoln Service / Auto Repair Shop
Property Details for 152 Continental Dr
- Year built
- 1973
- Lot size
- 5.16 lot acres
- Property size
- 30,200 SF
- Property type
- Automotive properties
- APN
- 51-08057-000
- APU
- 5108057000
Description
This exceptional commercial property presents a unique investment opportunity. Located at 152 Continental Drive in Salem, Ohio, this former Ford dealership boasts a substantial 30,200 square feet of space, encompassing a showroom and service garages. Situated on a generous 5-acre lot, the property offers ample room for expansion or future development. The asking price is $2,345,000, translating to $77.65 per square foot. The property is currently vacant and zoned for commercial use, providing flexibility for a variety of automotive-related or other suitable businesses. Its strategic location offers high visibility and accessibility, with excellent signage opportunities on State Street. The property enjoys proximity to Salem Hospital and a cluster of major retailers, including Home Depot, Walmart, Starbucks, Chipotle, Marc's, and Giant Eagle, ensuring high traffic flow and a strong customer base. This presents a rare chance to acquire a well-positioned, sizable commercial property in a thriving Ohio community. The property is ready for immediate occupancy. All utilities are available. The 44460 zip code offers easy access to major transportation routes. This is an ideal location for a new or expanding business seeking a high-traffic, well-established area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,750,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,700,000
- 6.5%
- $1,685,000
- 7%
- $1,735,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,605,000
- Geo Method
- $2,020,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,655,000
- Retail
- $1,650,000
- Mixed-Use
- $2,050,000
- Hospitality
- $1,880,000
- Educational
- $1,830,000
- Residential Income
- $2,055,000
- Energy
- $1,610,000
- Income-Based Land
- $2,005,000
- Food Service
- $1,655,000
Location Insight
- Map
- Local Demand
- City
- Salem
- County
- Columbiana
- State
- Ohio
- Longitude
- -80.8251
- Latitude
- 40.9021
- CBSA code
- 41400
- CBSA name
- SALEM, OH MICROPOLITAN STATISTICAL AREA
