4 Walton St E Willard, OH 44890
- Parking lots & garages
- 0.70 lot acres
Current Use by Public Records
- Rite Aid Pharmacy / Pharmacy
- Rite Aid / Drug Store / Beauty Supply Store
- Rite Aid Photo / Photo Lab
- Western Union / Money Transfer Service
- Sherry L. Schaffer, RPH / Pharmacy
Property Details for 4 Walton St E
- Lot size
- 0.70 lot acres
- Property type
- Parking lots & garages
- APN
- 51-035A-05-012-0400
- APU
- 51035A050120400
Description
This exceptional 11,084 square foot freestanding retail building presents a unique investment opportunity. Located on Walton St E, this single-tenant property boasts a highly desirable location along a main retail corridor, ensuring excellent visibility and accessibility for customers. The 1.398-acre lot provides ample space for potential expansion or outdoor amenities. The property's strategic placement benefits from a high volume of daily traffic, with 10,046 vehicles passing by daily. The building's current vacancy presents a blank canvas for a wide range of retail concepts. The drive-thru opportunity adds significant value, catering to the convenience-focused consumer. The surrounding area is anchored by established businesses such as Black & Decker, Pepperidge Farms, and Lakeside Book Company, indicating a strong and stable commercial environment within the Willard market, characterized by substantial industrial facilities. This property is ideally suited for businesses seeking high visibility, convenient access, and a location within a thriving commercial hub. The entire 11,084 square feet is available for lease, offering a substantial space for a single tenant to establish a significant retail presence. This is a rare opportunity to secure a prime retail location with exceptional visibility and potential for significant return on investment.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,600,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,860,000
- 6.5%
- $1,910,000
- 7%
- $1,640,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,690,000
- Geo Method
- $2,175,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,880,000
- Retail
- $1,970,000
- Mixed-Use
- $1,945,000
- Hospitality
- $2,045,000
- Educational
- $1,775,000
- Residential Income
- $1,820,000
- Energy
- $1,690,000
- Income-Based Land
- $1,510,000
- Food Service
- $1,980,000
Location Insight
- Map
- Local Demand
- City
- Willard
- County
- Huron
- State
- Ohio
- Longitude
- -82.7256
- Latitude
- 41.0424
- CBSA code
- 35940
- CBSA name
- NORWALK, OH MICROPOLITAN STATISTICAL AREA
