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Property profile & analytics
FOR SALE
Medical Office Space

293 N Ellsworth Ave Salem, OH 44460

1,260 SF 0.1 ac lot Built 1966
Entity Owned Absentee Owner Free & Clear
Property ID
US66-2136926
Property summary
AI-generated overview

This exceptional commercial property, located at 293 N Ellsworth Avenue in the heart of Salem, OH, presents a unique investment opportunity. Situated on a 0.1-acre lot, the building offers significant flexibility for a variety of uses. The seller is open to both sale and lease options, providing considerable adaptability for prospective buyers or tenants. The property's design allows for the creation of either one or two separate units, catering to diverse business needs. A substantial parking lot is included, with an additional parking lot available, ensuring ample space for customers and employees. Potential uses are numerous and include, but are not limited to, medical offices, spas and beauty salons, retail spaces, and bars. The building itself is exceptionally well-constructed, promising durability and longevity. Currently unoccupied, the property is readily available for immediate viewing. Its central Salem location offers excellent visibility and accessibility, making it an ideal choice for businesses seeking a prominent presence in the community. Contact us today to schedule a private showing and explore the endless possibilities this versatile property offers. The asking price is $249,900.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1966
Total area 1,260 SF
Lot 0.1 ac (4,199 SF)
APN 51-07480-000
UPID US66-2136926
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
NICL
NICL
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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