232 Main St Logan, OH 43138-1608
- Retail space
- 2,856 SF
Current Use by Public Records
- Hague Quality Water / Bottled Water Supplier
- Arab Pest Control / Pest Control Service
- Lewellen's Services / Pest Control Service / Bottled Water Supplier
Property Details for 232 Main St
- Construction
- FRAME
- Property size
- 2,856 SF
- Property type
- Retail space
- APN
- 04-000404.0000
- APU
- 40004040000
Description
This exceptional commercial property, located at 232 W Main Street in Logan, Ohio, presents a unique investment opportunity. Priced at $199,000, this special-purpose building boasts a total of 2,856 square feet, all of which is net rentable. The building sits on a 3,049.2 square foot lot, offering a price per square foot of $69.68. The main floor features a flexible open storefront area ideal for retail or other commercial uses, complemented by approximately 2,000 square feet of warehouse space. This provides ample room for storage, inventory, or production. Upstairs, a separate entrance leads to a versatile 800-square-foot space, currently configured as a one-bedroom, one-bathroom apartment with a kitchen and large open room. This area could easily be adapted for office space, providing additional income potential or space for business expansion. The property's prime downtown Logan location offers excellent visibility and accessibility, placing it within a thriving and vibrant community. This building is a blank canvas, ready for your entrepreneurial vision to flourish. The property's versatility makes it suitable for a wide range of commercial uses, offering a significant return on investment. The combination of retail space, warehouse storage, and upper-level apartment/office space makes this a truly unique opportunity. This property is ready for immediate occupancy.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $160,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $125,000
- 6.5%
- $130,000
- 7%
- $125,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $130,000
- Geo Method
- $135,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $110,000
- Retail
- $90,000
- Mixed-Use
- $95,000
- Hospitality
- $110,000
- Educational
- $125,000
- Residential Income
- $110,000
- Energy
- $115,000
- Income-Based Land
- $120,000
- Food Service
- $105,000
Location Insight
- Map
- Local Demand
- City
- Logan
- County
- Hocking
- State
- Ohio
- Longitude
- -82.4126
- Latitude
- 39.5407
- CBSA code
- 18140
- CBSA name
- COLUMBUS, OH METROPOLITAN STATISTICAL AREA