531 Main St Niles, OH 44446-5132
This exceptional investment opportunity presents a vacant 0.19-acre lot ideally situated on North Main Street in the vibrant city of Niles, Ohio. Priced affordably at $69,900, this mixed-use property offers significant potential for a variety of development projects. The property's location on Main Street ensures high visibility and accessibility, making it an attractive prospect for businesses seeking a prominent presence in the community. The vacant nature of the lot allows for complete design flexibility, catering to diverse development plans. Furthermore, the availability of owner financing makes this an even more compelling proposition for prospective buyers, simplifying the acquisition process and potentially reducing upfront capital requirements. This presents a rare chance to acquire a strategically located parcel in a thriving area, offering substantial returns on investment for the discerning developer or investor. The property's zoning and permitted uses should be independently verified by the prospective buyer. Don't miss this opportunity to secure a prime piece of Niles real estate. Serious inquiries only.
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
Similar Nearby for Lease
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.