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$ 1,800,000
Est. payment /mo
Price Dropped by $200K
80 N Court St Athens, OH 45701
8 Beds
5 Baths
5,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail, Apartments/Housing
Listing Status Active
Purchase Type For Sale
Square Footage 5,000 sqft
Price per Sqft $360
MLS Listing ID 2435068
Bedrooms 8
Year Built 1900
Annual Tax Amount $11,383
Lot Size 8,712 Sqft
Property Sub-Type Retail, Apartments/Housing
Property Description
Prime Investment Opportunity with Strong Income & Growth Potential. Incredible property offering established income and exceptional potential for future development. Currently fully leased, this investment generates over $110,000 in annual income with room to expand and increase returns. The building features 4 spacious 2-bedroom, 1-bath apartments, each equipped with modern amenities including a range, refrigerator, microwave, washer, and dryer. Designed and maintained by the current owners-three architects-the property comes with conceptual plans to add 8 additional bedrooms, maximizing the existing footprint and income potential. Additional features include 14 dedicated parking spaces (leased annually) with room to expand if desired, plus a large concrete patio area that could easily be converted into outdoor seating for a restaurant, café, or vendor partnership. Situated in a high-demand location, this property offers unmatched accessibility and visibility, making it a rare find for investors seeking both immediate income and long-term growth opportunities.
Location
State OH
County Athens
Zoning Commercial
Interior
Interior Features Ceiling Fans, Flooring- Tile, Flooring- Vinyl
Heating Heat Pump-Electric, Furnace-Gas
Cooling Central Air
Exterior
Exterior Feature Gutters & Downspouts
Utilities Available Water: City/Public, Internet-DSL, Sewer: Municipal, Natural Gas Available, Contact Utility Company, Power: AEP
Roof Type Asphalt Shingle
Building
Foundation Concrete Block
Structure Type Brick, Siding-Wood
Listed by The Athens Real Estate Co., Ltd.