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    FOR SALE
    Retail space

    703 Miami St Urbana, OH 43078

    2,176 SF 0.32 ac lot Built 1991
    Individually Owned 2-yr Hold Free & Clear
    Property ID
    US66-4014074
    703 Miami St, Urbana, OH 43078 For Sale 1 / 104
    Contact for pricing 2,176 SF
    703 Miami St, Urbana, OH 43078
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    Property summary
    AI-generated overview

    This exceptional mixed-use commercial property, located at 703 Miami Street in Urbana, Ohio, presents a unique investment opportunity. Boasting a total of 3,579 square feet of usable space, this B-2 General Business zoned property enjoys a highly visible position on Miami Street (US Hwy 36 and State Route 29), the main east-west thoroughfare through Urbana. Its strategic location is just six blocks from the heart of downtown, ensuring excellent exposure and accessibility. The building's construction spans three phases: the original 1991 structure comprises 1,152 square feet of office space and warehouse area. A significant 1,024-square-foot addition in 1994 doubled the building's size, incorporating a large retail showroom. A further expansion in 1997 added 1,403 square feet, providing a second showroom and additional warehouse space. This adaptable layout offers considerable flexibility, with the potential for conversion into a multi-tenant property. Each section benefits from individual furnace heating and the building features two air conditioning units. The property sits on a 0.32-acre lot, providing ample space for parking and potential future development. This is an ideal property for investors seeking a versatile commercial space in a thriving location. The asking price is $399,900.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1991
    Total area 2,176 SF
    Lot 0.32 ac (13,809 SF)
    APN K48-25-00-01-15-003-00
    UPID US66-4014074
    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
    • Bolder Outfitters & Co. Production Facility Textile Manufacturer
    1 occupant on record
    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
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    Owner & transaction history
    Catherine H Brandeberry · 2 yrs held
    Catherine H Brandeberry
    since 2023
    2 recorded transactions
    2023
    Price N/A
    2007
    Price N/A
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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