318 2nd Ave Middleport, OH 45760-1008
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.
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
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.