811 Fox Rd Van Wert, OH 45891
- Grocery and convenience stores
- 8.72 lot acres
Current Use by Public Records
- Rural King Guns / Gun Shop
- Rural King / Farm Equipment Supplier
Property Details for 811 Fox Rd
- Year built
- 1989
- Construction
- CONCRETE BLOCKS
- Lot size
- 8.72 lot acres
- Property type
- Grocery and convenience stores
- APN
- 12-034452.1502
- APU
- 120344521502
Description
This exceptional 1.3-acre commercial land parcel presents a prime development opportunity in Van Wert, Ohio. Strategically located at 811 Fox Road, this outlot enjoys high visibility and accessibility from both Fox Road and South Shannon Street (SR 118), ensuring significant exposure to a substantial customer base. The property is situated within the thriving Shannon Station shopping center, alongside established national retailers such as Rural King, H&R Block, and Fricker's, further enhancing its desirability and potential for success. The surrounding area also boasts a strong retail presence, including Big Lots, Ruler Foods, and Tractor Supply Co., creating a vibrant and attractive commercial environment. This location benefits from a robust demographic profile, with a population exceeding 350,000 within a 30-mile radius and an average household income surpassing $69,000 within a 15-mile radius. Van Wert County's position among the top 100 micropolitan communities in the nation underscores its economic strength and growth potential. This 1.3-acre lot in Van Wert County, Ohio, zip code 45891, offers developers a unique chance to capitalize on a thriving market and establish a successful business in a high-traffic location. The property's size and location make it ideal for a variety of commercial uses.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,065,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,130,000
- 6.5%
- $2,325,000
- 7%
- $2,170,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,110,000
- Geo Method
- $2,030,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,185,000
- Retail
- $2,580,000
- Mixed-Use
- $2,095,000
- Hospitality
- $2,415,000
- Educational
- $2,030,000
- Residential Income
- $2,645,000
- Energy
- $1,940,000
- Income-Based Land
- $2,060,000
- Food Service
- $2,250,000
Location Insight
- Map
- Local Demand
- City
- Van Wert
- County
- Van Wert
- State
- Ohio
- Longitude
- -84.5991
- Latitude
- 40.8528
- CBSA code
- 46780
- CBSA name
- VAN WERT, OH MICROPOLITAN STATISTICAL AREA