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Property profile & analytics
OFF-MARKET
Office buildings

404 Wayne St Piqua, OH 45356-2232

2,340 SF 0.03 ac lot Built 1950
Individually Owned 19-yr Hold ~ Est. High Equity
Property ID
US66-6295729
Property summary
AI-generated overview

This exceptional 2,340 square foot commercial building, situated on a 0.03-acre lot at 404 N Wayne Street in the heart of Piqua, OH, presents a unique investment opportunity. Currently configured as a doctor's office, the property's adaptability makes it ideal for a wide range of businesses. The first floor boasts multiple exam rooms, a kitchenette, ample storage, mechanical rooms, and a welcoming entry area. This layout is easily convertible to suit various professional services, such as beauty salons, barber shops, or law offices. The second floor offers a flexible layout with potential for residential use, including areas suitable for a kitchen, living room, bathroom, and possibly two bedrooms. This live-work arrangement allows for significant cost savings. The property benefits from a recently replaced roof, eliminating immediate maintenance concerns. Its central location in a busy downtown area ensures high visibility and accessibility, making it an attractive proposition for entrepreneurs seeking a thriving business environment. The building's versatility, combined with its prime location and recent roof replacement, makes this a compelling investment opportunity with significant upside potential. The asking price is $169,900.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1950
Total area 2,340 SF
Lot 0.03 ac (1,307 SF)
APN N44-002205
UPID US66-6295729
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
Current use
Occupant on record · Public records
  • Coughlin Chiropractic Center Alternative Medicine Practice
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
Christopher A Coughlin · 19 yrs held
Christopher A Coughlin
since 2006
1 recorded transaction
2006
$82,500
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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