114 Main St Saint Clairsville, OH 43950-2525
- Office buildings
- 5,800 SF
- 0.37 lot acres
Current Use by Public Records
- Kent's Barber Shop / Barber Shop
- Pizza Express / Restaurant
Property Details for 114 Main St
- Year built
- 1900
- Lot size
- 0.37 lot acres
- Property size
- 5,800 SF
- Property type
- Office buildings
- APN
- 34-01221-000
- APU
- 3401221000
Description
This exceptional investment opportunity presents a fully occupied, seven-unit mixed-use property located at 114-116 E. Main St, St. Clairsville, Ohio 43950. The property, encompassing 6,762 square feet on a 0.37-acre lot, consists of two buildings, each two stories high, built in 1900. The property includes four residential apartments and three commercial spaces, all currently leased. Recent improvements include a newly sealed and striped parking lot with new lighting, freshly painted exteriors, and renovated common areas with new carpeting and paint. The property boasts one of the largest parking lots in downtown St. Clairsville, providing ample off-street parking for tenants and customers. Long-term tenants and below-market rents offer significant potential for increased cash flow. Detailed financial information, including rent rolls and proforma operating statements, is available upon request. This prime Main Street location offers a compelling opportunity for a savvy investor seeking a strong return on investment in a thriving downtown area. The asking price is $463,000, translating to $68.47 per square foot.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $255,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $295,000
- 6.5%
- $335,000
- 7%
- $295,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $315,000
- Geo Method
- $280,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $320,000
- Retail
- $300,000
- Mixed-Use
- $330,000
- Hospitality
- $300,000
- Educational
- $365,000
- Residential Income
- $380,000
- Energy
- $330,000
- Income-Based Land
- $285,000
- Food Service
- $325,000
Location Insight
- Map
- Local Demand
- City
- Saint Clairsville
- County
- Belmont
- State
- Ohio
- Longitude
- -80.8999
- Latitude
- 40.0803
- CBSA code
- 48540
- CBSA name
- WHEELING, WV-OH METROPOLITAN STATISTICAL AREA