Property profile

2 State St Milford Center, OH 43045

OFF-MARKET
Commercial real estate
Property ID
US66-0942246
1,276 SF 0.05 ac lot Built 1900
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 4,304 square foot special purpose property, located at 2 E State Street in Milford Center, Ohio (zip code 43045), presents a unique investment opportunity. The building, a former bank, boasts a captivating historical charm, including an intact vault, ideal for a variety of creative uses. Imagine transforming this space into a thriving coffee shop, restaurant, cafe, or gift shop. The property sits on a 0.05-acre lot and includes 15 parking spaces, a significant advantage given its high-traffic location. Situated at a major intersection with over 5000 cars passing daily on State Route 4/36, this location ensures high visibility and accessibility. Ample on-street parking complements the private rear lot, providing convenient parking for customers and staff. The building is currently vacant and ready for immediate occupancy, allowing for complete customization to suit your specific business needs. The property's APN is 33-0001266-0000. This single-tenant building offers a rare chance to establish a business in a vibrant and accessible location. Don't miss this opportunity to own a piece of Milford Center history.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1900
Construction BRICK
Total area 1,276 SF
Lot 0.05 ac (2,073 SF)
APN 33-0001266.0000
UPID US66-0942246

Cap rate & NOI

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

Location

2 State St Milford Center, OH 43045-9613
Milford Center metro Census 50702 COLUMBUS, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$145k

Owner & transaction history

since 2023
4 recorded transactions
2023
Price N/A
2022
$155,000
2022
Price N/A
2010
$75,000

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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