267 Main St Johnstown, OH 43031-1018
This exceptional mixed-use commercial property, situated at 267 N Main Street in Johnstown, Ohio, presents a unique investment opportunity. Spanning 27,334 square feet on a 0.95-acre lot, this two-story brick building boasts high visibility on North Main Street (Route 37), just north of OH62, ensuring excellent exposure to a high volume of traffic. Ample parking is available on-site. The property's strategic location offers easy access to New Albany, a mere 8-minute drive away, and the site of the Intel construction project. Previously occupied by Northview Senior Living Center, the building is currently vacant and offered in "AS IS" condition. The lower level exhibits mold. The property's substantial size and versatile layout lend themselves to a variety of potential uses, subject to obtaining the necessary zoning approvals. Examples include, but are not limited to, a school, call center, office building, federal building, senior living facility, rehabilitation center, or nursing home. This represents a significant price reduction, now listed at $1.2 million, making it an attractive proposition for developers and investors seeking a substantial property in a rapidly developing area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.