17 George St Arcanum, OH 45304
- Warehouses
- 918 SF
- 0.06 lot acres
Current Use by Public Records
- Arcanum Community Fitness, LLC / Fitness Center
Property Details for 17 George St
- Year built
- 1900
- Construction
- BRICK
- Lot size
- 0.06 lot acres
- Property size
- 918 SF
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- P59-2-308-04-03-03-11801
- APU
- P59230804030311801
Description
This exceptional commercial property located at 17 W George Street, Arcanum, Ohio, presents a lucrative business opportunity. The 5,920 square foot building sits on a 0.06-acre lot and is currently operating as a successful gym with over 100 members and a proven track record of profitability. All existing equipment is included in the sale price of $110,000, allowing for immediate operation. The gym's layout is designed for optimal functionality, featuring three distinct workout rooms, each fully equipped. A relaxing sauna and comfortable sitting area provide added amenities for members. The upstairs area boasts attractive laminated flooring and a modern drop ceiling. The property is currently leased on a year-to-year basis, offering flexibility for the new owner. This turnkey operation provides a rare chance to acquire an established, profitable business with significant growth potential. The property's prime location in Arcanum, Ohio, ensures convenient access for a wide range of clientele. This is an exceptional opportunity for an entrepreneur seeking a ready-made business with established clientele and immediate revenue generation. Don't miss this chance to own your own thriving fitness center.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $70,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $65,000
- 6.5%
- $70,000
- 7%
- $60,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $75,000
- Geo Method
- $65,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $60,000
- Retail
- $75,000
- Mixed-Use
- $80,000
- Hospitality
- $60,000
- Educational
- $65,000
- Residential Income
- $60,000
- Energy
- $60,000
- Income-Based Land
- $75,000
- Food Service
- $70,000
Location Insight
- Map
- Local Demand
- City
- Arcanum
- County
- Darke
- State
- Ohio
- Longitude
- -84.554
- Latitude
- 39.9914
- CBSA code
- 24820
- CBSA name
- GREENVILLE, OH MICROPOLITAN STATISTICAL AREA