800 Park Ave W

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800 Park Ave W

Mansfield, OH 44906
Asking Price
$750K
Asset Type
Bank Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • The 2.14-acre site is available for purchase at $750,000.
  • Property is located within an established Opportunity Zone in Mansfield.
  • Zoning designation for this parcel is officially B-2 commercial.
  • The land is positioned with visibility along a high-traffic route.
  • Site supports diverse redevelopment options including banking or retail use.

What's Special

Mansfield, Ohio serves as a central hub for the north-central region of the state, benefiting from steady economic activity and access to major regional thoroughfares. This 2.14-acre land parcel at 800 Park Ave W presents a flexible redevelopment site situated within a designated Opportunity Zone, offering potential tax advantages for investors. The site carries B-2 zoning, allowing for a diverse range of commercial applications including retail or service-oriented business models. Positioned with significant visibility, the property is well-suited for businesses requiring high exposure to passing trade. The current configuration supports various development strategies, ranging from traditional retail build-outs to bank or professional service office projects. Its location within the local commercial corridor makes it a practical choice for developers seeking an accessible site in a growing Ohio market.

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NOI
$80,000
Cap Rate
10.67%
DSCR
1.80
Strong
Cash-on-Cash
15.77%
Monthly Payment
$3,710.591
Annual Cash Flow
$35,472.911

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