375 Marietta RdChillicothe, OH 45601

Property Details for 375 Marietta Rd

Year built

1988

Construction

BRICK

Lot size

0.70 AC

Property size (Sq ft)

1,704 SF

Property type

Retail properties

Property subtype

Retail space

APN

30-54-59-104.000

APU

305459104000

Description

This exceptional investment opportunity presents a 0.7-acre street-level retail property located at 375 Marietta Road in Chillicothe, Ohio. Priced at $325,000, this all-brick building offers a versatile open-concept layout, ideal for a variety of businesses. Previously operating as a gun shop and more recently as a gym, the property demonstrates adaptability and established utility. The building's location provides excellent visibility and accessibility, benefiting from ample on-site parking to accommodate customers and staff. Its proximity to US-23 ensures convenient access for a wide customer base, enhancing its commercial potential. The property's flexible design allows for customization to suit the specific needs of a new business, making it an attractive proposition for entrepreneurs seeking a well-located and established retail space. The substantial lot size offers additional possibilities for expansion or outdoor amenities. This is a prime opportunity to acquire a ready-to-occupy retail space in a thriving location with significant growth potential. Serious inquiries are encouraged to explore this promising investment. The property is available for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $422,205

  6.5%

  $389,728

  7%

  $361,890

• Comparable approach

  Method

  Valuation

  Relative Method

  $401,668

  Geo Method

  $401,668

• Alternative Use

  Use

  Valuation

  Residential

  $328,750

  Hospitality

  $301,133

  Educational

  $250,539

  Medical

  $259,156

  Retail

  $389,728

Location Insight

City

Chillicothe

County

Ross

State

Ohio

Latitude

39.352

Longitude

-82.9709

CBSA code

17060

CBSA name

CHILLICOTHE, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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