41059 Park Road Shade, OH $ 550,000
41059 Park Road
$ 550,000
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41059 Park Road

Shade, OH, 45776
$ 550,000
Bedrooms-- Baths--

Monthly Estimate*

$ 3,431

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Commercial Property for sale in Shade, OH

for $550,000. This building was built in 1980 on a lot size of 3.102.

Excellent investment opportunity with this 8-unit apartment complex situated on 3.1 acres and consisting of two duplexes and a quadruplex. All units are 1 bedroom, 1 bathroom, and six have been remodeled with new stainless-steel refrigerators, ranges, and range hoods. The duplexes feature newer heat pump systems, and all buildings have a low-maintenance metal roof. The property includes two on-site laundry units that generate additional income, plus a storage building that could also be rented for extra revenue. One of the duplexes currently has below-market rent, offering immediate upside potential by updating the units to match the others and increasing rental rates. 1.44 acres of vacant land provides room for future development or additional income-producing structures. With strong occupancy history and a convenient location just 20 minutes from Athens, this property is well-positioned to attract Ohio University students and long-term tenants. Whether you're a seasoned investor or just getting into the rental market, this complex offers solid cash flow, value-add opportunities, and room to grow.

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Commercial Contingent

Price

$ 550,000

Property Type

Commercial

Taxes

$ 2,744

Style

Lot Size

3.102

Year Built

1980

Town/City

Shade

County/Region

Athens

MLS | Web ID

5174474

Features
General
Sewer Septic Tank
Heating Baseboard Electric Forced Air Heat Pump
Cooling Heat Pump Wall Unit(s)
Possession Negotiable
Roof Metal
Year Built 1980
Township Bedford Twp
Property Subtype Apartment
Tax Year 2024
Current Use Multi-Family
Business Type Rental
Additional Parcels Description 0100135001 0100135002 0100135003 0100135004
County Meigs
Property Type Commercial Sale
Attached Garage false
Contingency Appraisal Inspections
Status Contingent
Directions From Athens Ohio take the US-33E/US-50W/OH-32W Ramp to Pomeroy/Chillicothe. Merge onto OH-32W/US-33E/US-50W. Take US-33/E exit towards Pomeroy/Ravenswood. Turn right onto US-33 ALT W (signs for OH-681). Turn left onto US-33 ALT W. Turn left onto Old US Route 33. Turn left onto Park Rd. Turn right to stay on Park Rd and the apartment complexes will be on your right.
Disclosures Principal is Real Estate Licensed
High School District Meigs LSD - 5302
Lot Size Units Acres
Tax Annual Amount 2744
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active Under Contract
Middle/Junior School District Meigs LSD - 5302
Elementary School District Meigs LSD - 5302
Year Built Source Public Records
Property Sub Type Additional Apartment
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Interior
Air Conditioning Y/N true
Heating Y/N true
Laundry Features Coin-operated
Main Level Bathrooms 0
Total Baths 0
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Exterior
Fencing None
Parking Features Concrete Parking Pad
Water Source Public
Lot Size Area 3.102
Building Area Total 2756
Lot Size Acres 3.102
Lot Size Source Assessor
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* Excluded Features
List By
Kimberly Smith

Listing Agent

One Team Realty

Broker

kimberlysmithrealtor2020@gmail.com

Email

Affordability Calculator

$3,660
Per Month
94%
6%
0%
Monthly Principal & Interest
$3,431
Monthly Property Taxes
$229
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4458796 Elementary School
4458943 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/26/2025$550,000 Listed Price

Map


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41059 Park Road, Shade, OH, 45776 is a Commercial Property for sale at $550,000 with a lot size of 3.102. 41059 Park Road was built in 1980. The property's zip code is 45776 which is in Shade, OH