318 2Nd AveMiddleport, OH 45760

Property Details for 318 2Nd Ave

Year built

1950

Property size (Sq ft)

1,360 SF

Property type

Retail properties

Property subtype

Retail space

APN

1501631000

APU

1501631000

Description

This exceptional mixed-use property, located at 318 N 2nd Avenue in Middleport, Ohio, presents a unique investment opportunity. The building encompasses a substantial 2,720 square feet situated on a 0.07-acre lot. Its prime location within the historic district of Middleport offers significant potential for a variety of commercial ventures. The main floor is ideally suited for two separate businesses, providing ample space for diverse operations. Each business space could be customized to meet specific needs, offering flexibility and adaptability for various commercial uses. Adding to the property's appeal are two generously sized apartments located on the upper floor. These apartments provide additional income potential or could serve as comfortable living spaces for owners or managers. The property is being offered at $30,000, representing a significant value for its size, location, and potential. While requiring some renovation, this fixer-upper presents a chance to create a thriving commercial hub and lucrative rental income streams. The building's solid structure provides a strong foundation for a complete refurbishment, allowing for the creation of a modern and functional space. This is an exceptional opportunity to capitalize on the growing interest in the historic Middleport area and establish a successful commercial enterprise. The property's versatility and prime location make it an attractive investment for both seasoned entrepreneurs and those seeking a high-return venture.

• CAP approach

  CAP return

  Valuation

  6%

  $347,999

  6.5%

  $321,230

  7%

  $298,285

• Comparable approach

  Method

  Valuation

  Relative Method

  $320,580

  Geo Method

  $320,580

• Alternative Use

  Use

  Valuation

  Residential

  $270,970

  Hospitality

  $248,207

  Educational

  $206,505

  Medical

  $213,607

  Retail

  $321,230

Location Insight

City

Middleport

County

Meigs

State

Ohio

Latitude

39.0041

Longitude

-82.0473

Property Tax & Assessments

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