216 Main St Granville, OH 43023
- Commercial real estate
- 2,148 SF
- 0.16 lot acres
Current Use by Public Records
- Granville Veterinary Clinic: Reen Joanna DVM / Veterinarian
Property Details for 216 Main St
- Year built
- 1900
- Construction
- FRAME
- Lot size
- 0.16 lot acres
- Property size
- 2,148 SF
- Property type
- Commercial real estate
- APN
- 020-054192-00.000
- APU
- 2005419200000
Description
This exceptional investment opportunity encompasses two office buildings situated at 216 & 222 S Main Street in the vibrant town of Granville, Ohio. The combined space totals 3,636 square feet, situated on a 0.15-acre lot. These properties present a compelling proposition for both office users seeking a prominent location and savvy investors looking for a strong return. The buildings are ideally positioned within Granville's historic district, benefiting from high visibility and convenient access to local amenities. The Village Business District zoning allows for a variety of commercial uses. Each building offers substantial potential for renovation or modernization to enhance functionality and value. The properties are being sold together and include a deed restriction prohibiting the practice of veterinary medicine. This restriction is in place for both buildings. The asking price for this combined property is $1,239,000. This presents a rare chance to acquire a well-located, established commercial property in a thriving Ohio town. The strategic location and substantial square footage make this an attractive investment opportunity with significant upside potential. Serious inquiries are encouraged to explore this unique offering further.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $370,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $535,000
- 6.5%
- $465,000
- 7%
- $555,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $440,000
- Geo Method
- $565,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $510,000
- Retail
- $580,000
- Mixed-Use
- $475,000
- Hospitality
- $550,000
- Educational
- $530,000
- Residential Income
- $475,000
- Energy
- $590,000
- Income-Based Land
- $560,000
- Food Service
- $600,000
Location Insight
- Map
- Local Demand
- City
- Granville
- County
- Licking
- State
- Ohio
- Longitude
- -82.5198
- Latitude
- 40.0662
- CBSA code
- 18140
- CBSA name
- COLUMBUS, OH METROPOLITAN STATISTICAL AREA