246 Cherry St Bluffton, OH 45817
- Retail space
- 4,500 SF
- 0.74 lot acres
Current Use by Public Records
- Bluffton Auto Sales / Car Dealer
- Tommy's Trailer Sales / Trailer Dealer
Property Details for 246 Cherry St
- Year built
- 2008
- Lot size
- 0.74 lot acres
- Property size
- 4,500 SF
- Property type
- Retail space
- APN
- 28-1205-04-001.000
- APU
- 28120504001000
Description
This exceptional commercial property, located at 246 Cherry Street Unit 246 in Bluffton, Ohio, presents a unique investment opportunity. The building boasts substantial dimensions, measuring 75 feet by 60 feet, providing ample space for a variety of commercial uses. A significant feature is the 6-foot by 75-foot awning extending across the front, offering excellent protection from the elements for customers and employees. The property sits on a generous 0.74-acre lot, providing ample room for expansion, parking, or outdoor activities related to the business. The asking price for this property is $325,000. The building's size and the expansive lot offer significant flexibility for potential buyers. Its location in Bluffton, Ohio, provides access to a thriving local community and convenient transportation links. This property is ideal for entrepreneurs seeking a versatile space to establish or expand their business. The substantial size and prominent awning make it highly visible and attractive to potential customers. The large lot offers possibilities for future development or expansion, adding further value to this already impressive offering. Serious inquiries are encouraged to explore the full potential of this exceptional commercial property. The property is being sold as-is.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $265,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $285,000
- 6.5%
- $300,000
- 7%
- $285,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $300,000
- Geo Method
- $265,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $275,000
- Retail
- $290,000
- Mixed-Use
- $360,000
- Hospitality
- $345,000
- Educational
- $355,000
- Residential Income
- $300,000
- Energy
- $370,000
- Income-Based Land
- $285,000
- Food Service
- $370,000
Location Insight
- Map
- Local Demand
- City
- Bluffton
- County
- Allen
- State
- Ohio
- Longitude
- -83.8893
- Latitude
- 40.8911
- CBSA code
- 30620
- CBSA name
- LIMA, OH METROPOLITAN STATISTICAL AREA