111 7Th St Marysville, OH 43040
- Retail space
- 1,620 SF
- 0.06 lot acres
Current Use by Public Records
- Retail space
Property Details for 111 7Th St
- Year built
- 1930
- Lot size
- 0.06 lot acres
- Property size
- 1,620 SF
- Property type
- Retail space
- APN
- 29-0007185.0000
- APU
- 2900071850000
Description
This exceptional 1,620 square foot commercial property, located at 111 W 7th Street in Marysville, Ohio, presents a unique investment opportunity. Built in 1930 and situated on a 2,613.6 square foot lot, this special purpose building boasts a prime downtown location. Its strategic placement directly across from a new city parking lot, and adjacent to Partner's Park, the Library, and a splash pad, ensures high visibility and convenient access for customers. The asking price is $165,000, translating to $101.85 per square foot. The property features a recently updated roof, furnace, electrical panel, windows, and concrete slab, minimizing immediate maintenance needs. The interior is ready for build-out to suit a variety of commercial uses, allowing for customization to perfectly match your business requirements. This is an excellent chance to establish a presence in a thriving uptown community known for its vibrant events and strong local support. The single-unit building offers 1,620 square feet of net rentable space, providing ample room for operations. This location offers unparalleled visibility and accessibility, making it an ideal investment for a discerning buyer seeking a high-impact commercial space in a desirable Ohio location. The property's zip code is 43040, and it is located in Union County.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $160,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $150,000
- 6.5%
- $160,000
- 7%
- $150,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $140,000
- Geo Method
- $155,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $170,000
- Retail
- $170,000
- Mixed-Use
- $150,000
- Hospitality
- $170,000
- Educational
- $165,000
- Residential Income
- $145,000
- Energy
- $180,000
- Income-Based Land
- $180,000
- Food Service
- $140,000
Location Insight
- Map
- Local Demand
- City
- Marysville
- County
- Union
- State
- Ohio
- Longitude
- -83.3677
- Latitude
- 40.2341
- CBSA code
- 18140
- CBSA name
- COLUMBUS, OH METROPOLITAN STATISTICAL AREA