651 Wheeling Ave - Apartments FOR SALE


Cambridge, OH 43725
$525,000 USD
651 Wheeling Ave, Cambridge, OH for Sale
$525,000 USD
Apartments - FOR SALE
1/6
null | Request Cap Rate

651 Wheeling Ave
Cambridge, OH 43725


HIGHLIGHTS

  • 2 Retail Spaces, 4 Apartments and 2 Dance Studio
  • High ROI
  • Great Location in High Traffic Area

OVERVIEW

Prime investment opportunity in the heart of Cambridge! This 10,600 SF mixed-use building offers a balanced blend of retail and residential income potential. The main level features two established retail tenants, ensuring consistent cash flow. On the second floor, you'll find an executive apartment, and a dance studio, while the third floor features three more apartments, and additional dance studio optimizing potential rental income. Zoned Commercial District with Downtown Historic District Overlay, the property provides versatility for future development or enhancements allowing the use of historic tax credits or grants. With its dynamic layout and stable tenant mix, this property is an ideal acquisition for retail investors seeking a solid asset with significant growth potential. Located in the heart of historic Cambridge, Ohio, the area surrounding the property embodies small-town charm and boasts a thriving retail scene. With an enviable location near vibrant local businesses and restaurants, it offers a unique opportunity for retail investors. Nearby attractions such as the John and Annie Glenn Museum, the Dickens Victorian Village, and the Guernsey County Courthouse showcase the area's rich heritage, drawing in visitors and locals alike. The property is perfectly positioned to capitalize on the area's strong sense of community and steady foot traffic, making it an ideal choice for retail or street retail investment.

FOR SALE DETAILS

PRICE

$525,000 USD

PRICE/SF

$48 USD /SF

# OF UNITS

8

PRICE/UNIT

$65,625

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1850

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

Commercial District

APN/PARCEL ID

06-0006388.000

ASK ABOUT THIS PROPERTY

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