267 Main St Johnstown, OH 43031
- Assisted living facilities
- 13,667 SF
- 0.95 lot acres
Current Use by Public Records
- Assisted living facilities
Property Details for 267 Main St
- Year built
- 1970
- Lot size
- 0.95 lot acres
- Property size
- 13,667 SF
- Property type
- Assisted living facilities
- Property subtype
- Retirement homes
- APN
- 053-178074-00.000
- APU
- 5317807400000
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $280,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $250,000
- 6.5%
- $245,000
- 7%
- $255,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $260,000
- Geo Method
- $280,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $230,000
- Retail
- $320,000
- Mixed-Use
- $235,000
- Hospitality
- $290,000
- Educational
- $275,000
- Residential Income
- $265,000
- Energy
- $295,000
- Income-Based Land
- $305,000
- Food Service
- $235,000
Location Insight
- Map
- Local Demand
- City
- Johnstown
- County
- Licking
- State
- Ohio
- Longitude
- -82.6898
- Latitude
- 40.1584
- CBSA code
- 18140
- CBSA name
- COLUMBUS, OH METROPOLITAN STATISTICAL AREA