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Property profile & analytics
OFF-MARKET
Retail space

318 2nd Ave Middleport, OH 45760-1008

1,360 SF Built 1950
Individually Owned 3-yr Hold Free & Clear
Property ID
US66-4687860
Property summary
AI-generated overview

This exceptional mixed-use property, located at 318 N 2nd Avenue in Middleport, Ohio, presents a unique investment opportunity. The building encompasses a substantial 2,720 square feet situated on a 0.07-acre lot. Its prime location within the historic district of Middleport offers significant potential for a variety of commercial ventures. The main floor is ideally suited for two separate businesses, providing ample space for diverse operations. Each business space could be customized to meet specific needs, offering flexibility and adaptability for various commercial uses. Adding to the property's appeal are two generously sized apartments located on the upper floor. These apartments provide additional income potential or could serve as comfortable living spaces for owners or managers. The property is being offered at $30,000, representing a significant value for its size, location, and potential. While requiring some renovation, this fixer-upper presents a chance to create a thriving commercial hub and lucrative rental income streams. The building's solid structure provides a strong foundation for a complete refurbishment, allowing for the creation of a modern and functional space. This is an exceptional opportunity to capitalize on the growing interest in the historic Middleport area and establish a successful commercial enterprise. The property's versatility and prime location make it an attractive investment for both seasoned entrepreneurs and those seeking a high-return venture.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1950
Total area 1,360 SF
APN 1501631000
UPID US66-4687860
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
Richard Hysell JR · 3 yrs held
Richard Hysell JR
since 2023
Last sale
$5,000
2 recorded transactions
2023
$5,000
2023
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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