663 Cherry St Germantown, OH 45327-1109
- Office buildings
- 1,028 SF
- 1.73 lot acres
Current Use by Public Records
- Office buildings
Property Details for 663 Cherry St
- Year built
- 1900
- Construction
- WOOD
- Lot size
- 1.73 lot acres
- Property size
- 1,028 SF
- Property type
- Office buildings
- APN
- D13 00201 0088
- APU
- D13002010088
Description
This exceptional commercial property presents a unique investment opportunity in the thriving Germantown, Ohio market. Located at 663 North Cherry Street, this 1.73-acre lot offers significant potential for a variety of commercial ventures. The existing structure on the property encompasses 1,028 square feet, providing a solid foundation for redevelopment or repurposing. The property's zoning and permitted uses should be independently verified to ensure alignment with your business plans. Situated in Montgomery County, this location benefits from convenient access to major transportation routes, enhancing its appeal for businesses seeking optimal connectivity. The asking price of $559,000 represents a compelling entry point into the Germantown commercial real estate market. Given the size of the lot and the existing building, this property is ideal for entrepreneurs and investors seeking a versatile space to establish or expand their operations. The property's address is 663 North Cherry Street, Germantown, OH 45327. Serious inquiries are encouraged to explore the full potential of this promising investment. Further due diligence is recommended to confirm all aspects of the property and its suitability for intended use. This information is deemed reliable but not guaranteed.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $200,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $235,000
- 6.5%
- $235,000
- 7%
- $215,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $215,000
- Geo Method
- $240,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $200,000
- Retail
- $220,000
- Mixed-Use
- $260,000
- Hospitality
- $250,000
- Educational
- $220,000
- Residential Income
- $220,000
- Energy
- $205,000
- Income-Based Land
- $255,000
- Food Service
- $235,000
Location Insight
- Map
- Local Demand
- City
- Germantown
- County
- Montgomery
- State
- Ohio
- Longitude
- -84.3696
- Latitude
- 39.6341
- CBSA code
- 19430
- CBSA name
- DAYTON-KETTERING, OH METROPOLITAN STATISTICAL AREA