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Property profile & analytics
OFF-MARKET
Office buildings

311 Main St Celina, OH 45822-2203

5,040 SF Built 1924
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US66-3390909
Property summary
AI-generated overview

This exceptional mixed-use property, located at 311 S Main St in Celina, Ohio, presents a unique investment opportunity. The 15,498 square foot building, constructed in 1924, boasts a prime downtown location and offers versatile space ideal for a variety of uses. Currently configured as a creative and traditional office space, the building's open floor plan allows for extensive customization to suit individual needs. The substantial 0.53-acre lot provides ample space, and the possibility of building on the adjacent alley adds further development potential. The building's two stories provide flexibility, with the upper level offering stunning views of downtown Celina and Grand Lake. Previous demolition work has already been completed, significantly reducing the initial investment required for renovation or redevelopment. An additional parking lot situated west of the building provides convenient parking for tenants or customers. This property is privately owned and represents a rare chance to acquire a substantial building in a thriving Ohio community. The building's central location and adaptable space make it suitable for a wide range of commercial ventures, including restaurants, housing, entertainment venues, or a combination of uses. The asking price is $325,000.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1924
Total area 5,040 SF
APN 08-01-284-006
UPID US66-3390909
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
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Oily Boyz LLC · 4 yrs held
Oily Boyz LLC
since 2022
Last sale
$219,000
3 recorded transactions
2022
$219,000
2014
$35,000
2007
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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