970 Oakwood Ave Napoleon, OH 43545-1637
- Office buildings
- 0.41 lot acres
Current Use by Public Records
- Mr Builders Ltd / General Contractor
Property Details for 970 Oakwood Ave
- Year built
- 1946
- Lot size
- 0.41 lot acres
- Property type
- Office buildings
- APN
- 41-130016.0000
- APU
- 411300160000
Description
This exceptional commercial property at 970 Oakwood Avenue, Unit 970, Napoleon, OH, presents a rare investment opportunity. The 0.41-acre lot features two buildings, offering significant versatility and income potential. Both buildings boast recently updated siding, roofs, and overhead doors, minimizing immediate maintenance needs. The front building, ideal for retail or office space, currently commands a monthly rental income of $700. Its adaptable layout makes it suitable for a variety of businesses. The rear building, currently leased for $650 per month, is perfectly suited for a contractor, storage facility, or similar use. Its robust construction and ample space provide significant operational flexibility. The property also benefits from extensive customer parking, ensuring convenient access for tenants and patrons. This dual-building property offers a compelling combination of immediate rental income and long-term growth potential, making it an attractive investment for discerning buyers. The property is priced at $130,000 and presents a strong return on investment. The current rental income provides a solid foundation for future growth and profitability. Don't miss this chance to acquire a well-maintained, income-generating commercial property in a desirable location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $95,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $75,000
- 6.5%
- $65,000
- 7%
- $75,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $65,000
- Geo Method
- $60,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $80,000
- Retail
- $55,000
- Mixed-Use
- $65,000
- Hospitality
- $65,000
- Educational
- $70,000
- Residential Income
- $75,000
- Energy
- $70,000
- Income-Based Land
- $80,000
- Food Service
- $55,000
Location Insight
- Map
- Local Demand
- City
- Napoleon
- County
- Henry
- State
- Ohio
- Longitude
- -84.1246
- Latitude
- 41.3953