701 Main St Dresden, OH 43821
- Showrooms
- 11,574 SF
- 0.20 lot acres
Current Use by Public Records
- Showrooms
Property Details for 701 Main St
- Year built
- 1925
- Lot size
- 0.20 lot acres
- Property size
- 11,574 SF
- Property type
- Showrooms
- APN
- 33-30-10-01-000
- APU
- 33301001000
Description
This exceptional 23,175 square foot mixed-use building at 701 Main Street, Dresden, OH, presents a unique investment opportunity. Situated on a 0.2-acre lot, this three-story property boasts significant historical charm and modern conveniences. The first floor, retaining much of its original woodwork and trim, is currently home to several small businesses, including a soon-to-open deli, a nail salon, a massage salon, and a photography studio. A fitness center also occupies space within the building. The second floor is partially renovated, offering immediate occupancy potential, while the expansive third floor provides a blank canvas for future development. Both passenger and freight elevators service all three floors, enhancing accessibility and functionality. The building's rich history includes a past life as a hotel, and a later expansion by The Longaberger Company, which added a three-story addition and the elevators, anticipating future growth. This versatile property offers immense potential for a variety of uses, including an event center, residential conversion, or expansion of existing businesses. Priced at $650,000, this is a rare chance to acquire a substantial commercial property in a desirable location with significant upside potential. The current multi-tenant setup provides immediate income generation, while the substantial space and flexible layout allow for significant future expansion and adaptation.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $315,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $220,000
- 6.5%
- $220,000
- 7%
- $235,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $230,000
- Geo Method
- $260,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $275,000
- Retail
- $270,000
- Mixed-Use
- $255,000
- Hospitality
- $195,000
- Educational
- $235,000
- Residential Income
- $270,000
- Energy
- $240,000
- Income-Based Land
- $255,000
- Food Service
- $255,000
Location Insight
- Map
- Local Demand
- City
- Dresden
- County
- Muskingum
- State
- Ohio
- Longitude
- -82.0117
- Latitude
- 40.122
- CBSA code
- 49780
- CBSA name
- ZANESVILLE, OH MICROPOLITAN STATISTICAL AREA