293 N Ellsworth Ave Salem, OH 44460
For Sale
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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.
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
No recorded transactions found for this property.
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.