2020 State St Fremont, OH 43420-1554
- Drug stores
- 11,208 SF
- 1.33 lot acres
Current Use by Public Records
- Jeffrey P. Jones Jr, RPH / Pharmacy
- Diane K. Lindenberger, RPH / Pharmacy
- higi / Health Consultant
- Coinhub Bitcoin ATM Teller / Atm
- Rite Aid Pharmacy / Pharmacy
Property Details for 2020 State St
- Year built
- 1997
- Lot size
- 1.33 lot acres
- Property size
- 11,208 SF
- Property type
- Drug stores
- APN
- 34-60-00-0316-01
- APU
- 346000031601
Description
This exceptional 11,211-square-foot freestanding retail building presents a unique investment opportunity in Fremont, Ohio. Located at 2020 W State St, this single-tenant property sits on a generous 1.33-acre lot, offering ample space and excellent visibility. Built in 1997, the Class B building boasts 55 parking spaces, ensuring convenient access for customers. The property benefits from a prime location at a signalized intersection with Oak Harbor Road, guaranteeing high traffic counts and exceptional exposure. The zoning is B-2 General Commercial, providing flexibility for a variety of retail uses. The entire 11,211 square feet is currently vacant, presenting a blank canvas for a new tenant or owner-occupier. The property's prominent pylon signage further enhances its visibility and marketing potential. With its substantial size, convenient parking, and high-traffic location, this property is ideally suited for a variety of retail businesses seeking a strong presence in the Fremont market. The property's APN is 34-60-00-0316-01 and is located in Sandusky County, Ohio, zip code 43420. This is a rare opportunity to acquire a well-positioned, freestanding retail building with significant potential.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $740,000
- 6.5%
- $685,000
- 7%
- $635,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,186,000
- AI Estimate
- $1,204,000
Market price range: $319k - $1.19MMarket price range: $383k - $1.20M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $715,000 Current use
- OFFICE BUILDING
- $785,000 Change: +10% Conversion: Easy
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Fremont
- County
- Sandusky
- State
- Ohio
- Longitude
- -83.1373
- Latitude
- 41.3576
- CBSA code
- 23380
- CBSA name
- FREMONT, OH MICROPOLITAN STATISTICAL AREA