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Property profile & analytics
FOR SALE
Retail space

54 E Main St Logan Logan, OH 43138

12,084 SF
Individually Owned 3-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US66-4959559
Property summary
AI-generated overview

This exceptional three-story mixed-use building, located at 54 E Main Street in Logan, Ohio, presents a unique investment opportunity. Spanning 16,000 square feet on a 0.13-acre lot, this historic structure is ideally situated in the heart of Hocking Hills, a region known for its natural beauty and thriving tourism. The building's prime location offers significant storefront potential for a variety of businesses, capitalizing on the high volume of foot traffic and tourist activity. Beyond the commercial space, the property presents exciting possibilities for developing lucrative vacation rentals, catering to the increasing demand for accommodations in this popular destination. The building's historic charm and character provide a unique and attractive setting for both commercial ventures and hospitality businesses. This presents a rare chance to acquire a substantial property with significant upside potential in a desirable location. The building's size and layout offer considerable flexibility for adaptive reuse, allowing for creative and innovative business plans. The property is ready for an owner to bring their vision to life, transforming this historic gem into a thriving hub of activity within the Hocking Hills community. The asking price is $333,222. This is a truly exceptional opportunity for a discerning investor seeking a high-return property in a prime location.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Construction BRICK
Total area 12,084 SF
APN 04-000260.0000
UPID US66-4959559
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
  • Weiland Jewelers (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Bethany L Alexander · 3 yrs held
Bethany L Alexander
since 2022
4 recorded transactions
2022
Price N/A
2022
$200,000
2022
Price N/A
2021
$125,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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