Property profile

191 Park E Ave Mansfield, OH 44902

OFF-MARKET
Retail space
Property ID
US66-2390153
3,502 SF 0.21 ac lot Built 1958
Entity Owned 22-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 1.83-acre commercial and residential land parcel presents a unique investment opportunity in Mansfield, Ohio. Located at 191 Park Ave W, this property boasts a highly desirable Central Business zoning designation, opening doors to a wide range of development possibilities. Envisioned uses include fast food establishments, office spaces, medical facilities, retail ventures, senior living communities, or multifamily residential projects. The site's strategic location offers excellent visibility and accessibility, with frontage on Park Avenue West, Sturges Avenue, and West 2nd Street. Its dimensions measure approximately 200 feet of frontage and 388 feet in depth. The property is situated just four blocks (0.3 miles) from OhioHealth Mansfield Hospital, providing convenient access to a significant population base. The asking price is $395,000, translating to a land value of $215,847 per acre. This rare large vacant site is ideally positioned to capitalize on the ongoing revitalization efforts within the area, making it an attractive proposition for discerning investors and developers seeking a prime location in a growing community. The Richland County address and 44902 zip code further enhance its appeal.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1958
Total area 3,502 SF
Lot 0.21 ac (9,361 SF)
APN 027-06-109-03-000
UPID US66-2390153

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Credit Union

Location

191 Park E Ave Mansfield, OH 44902-1829
Mansfield metro Census 3100 MANSFIELD, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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