40 Stimson Ave Athens, OH 45701
- Mixed-use properties
- 1,624 SF
- 0.14 lot acres
Current Use by Public Records
- Freedom Property Group | Rise Realty Co. / Real Estate Consultant
Property Details for 40 Stimson Ave
- Year built
- 1925
- Lot size
- 0.14 lot acres
- Property size
- 1,624 SF
- Property type
- Mixed-use properties
Description
This exceptional mixed-use property at 40 E Stimson Avenue in Athens, Ohio presents a compelling investment opportunity. The building boasts a total of 1,624 square feet situated on a 0.14-acre lot. The ground floor features a newly remodeled office space, ideal for a variety of professional uses. Its prime location and updated amenities offer significant potential for rental income or owner-occupancy. Upstairs, a comfortable two-bedroom apartment provides additional income potential, perfect for an owner-occupant or as a separate rental unit. The property includes a significant advantage: ample off-street parking. Newly striped, the parking area offers twelve designated spaces, providing a valuable amenity for tenants and generating additional rental income. This turnkey investment property combines the benefits of a well-maintained office space with the income potential of a residential unit, all within a highly desirable location. The combination of office and residential space, along with the substantial parking, makes this a rare find in the Athens market. The recent renovations ensure immediate occupancy and minimal upfront investment. This property is priced at $349,000 and represents a strong return on investment.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Athens
- County
- Athens
- State
- Ohio
- Longitude
- -82.09172
- Latitude
- 39.33249
