311 Main St Celina, OH 45822-2203
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.
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.