325 Dewey Ave Cambridge, OH 43725-2602

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Motels
OH
Cambridge
43725
325 Dewey Ave

Property profile & analytics

325 Dewey Ave, Cambridge, OH 43725-2602

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Motels
0.88 lot acres

Off-Market

Last Sale Feb 8, 2024

$69,500

Property ID

US66-4955459

Value Estimations

Cap Rate Potential

Location Intelligence

Current Use by Public Records

Motels

Property Details for 325 Dewey Ave

Lot size: 0.88 lot acres
Property type: Motels
APN: 06-0002857.000
APU: 60002857000

Sales History

Date	Price	Buyer	Seller	Deed Type	Mortgage
Feb 8, 2024	$69,500	Thomas M Lehotay	Norbert C Klimer	Warranty Deed	—
Sep 11, 2023	$150,000	Thomas M Lehotay	Norbert C Klimer	Warranty Deed	—
Oct 25, 2021	$170,000	Norbert C Klimer	Dewey Clay INC	Warranty Deed	—

Description

This exceptional 1.75-acre commercial property, situated at 325 Dewey Avenue in Cambridge, Ohio, presents a unique investment opportunity. Located on US 22-40, the historic National Road, this site enjoys high visibility and accessibility at a key entry point to Cambridge. The property's expansive size and prime location offer considerable flexibility for a variety of development projects. Potential uses could include senior living facilities, patio homes, townhouses, low-income housing, or even a gas station/convenience store with a drive-thru. The existing structure is not described, presenting a blank canvas for a developer to realize their vision. Guernsey County's current needs suggest a strong market for several of the aforementioned possibilities. This property's strategic location on a major thoroughfare ensures high traffic volume and excellent exposure, making it an attractive proposition for investors seeking significant return on investment. The asking price is $650,000. Serious inquiries are encouraged. This is a rare chance to acquire a substantial commercial parcel in a desirable location with immense potential for future growth and profitability.

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Location Insight

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Local Demand

City: Cambridge
County: Guernsey
State: Ohio
Longitude: -81.5978
Latitude: 40.0221
CBSA code: 15740
CBSA name: CAMBRIDGE, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date

Tax Amount

Assessed Land Value

Assessed Improvement Value

Total Assessed Value

Applied Tax Rate

Land Market Value

Improvement Market Value

Total Market Value

2023

$2,372

$6,972

$31,179

$38,151

$19,920

$89,084

$109,004

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