1071 S Main St Urbana, OH 43078
For Sale
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This exceptional mixed-use property in Urbana, Ohio presents a unique investment opportunity. Strategically positioned at the high-traffic intersection of US Highway 68 and State Route 55, this 2.53-acre site offers significant development potential. The property comprises three parcels, including 1071, 1075, and 1077 S. Main Street. The main parcel, 1071 S. Main Street, boasts 1,118 square feet of office space complemented by two single-car garage bays, providing immediate income potential or flexible workspace. Additionally, 1075 S. Main Street features a 2-bedroom, 1-bathroom rental home spanning 896 square feet. The third parcel, 1077 S. Main Street, encompasses a substantial portion of the acreage and includes an older 28x20 garage and a 440-square-foot home that is currently uninhabitable due to a previous fire. This presents a blank canvas for redevelopment or expansion. The combined properties offer a versatile blend of existing structures and ample land, ideal for a variety of commercial ventures or redevelopment projects. The high visibility and prime location ensure strong potential for future growth and return on investment. This is a rare opportunity to acquire a substantial property in a thriving Ohio community. The property is priced at $349,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.