120 Main StRussells Point, OH 43348

Property Details for 120 Main St

Year built

1995

Lot size

2.06 AC

Property size (Sq ft)

10,004 SF

Property type

Retail properties

Property subtype

Retail space

APN

52-032-09-06-010-006

APU

520320906010006

Description

This exceptional 10,004-square-foot retail space, located at 120 W Main St in Russells Point, Ohio, presents a significant opportunity for businesses seeking a prominent location. The property, a former Rite Aid, boasts a single-tenant occupancy and sits on a generous 2.08-acre lot. Built in 1995, the building is entirely vacant, offering a blank canvas for a new tenant to customize and develop. The property's address is 120 W Main St, Russells Point, OH 43348, within Logan County. Its convenient location offers excellent visibility and accessibility for customers. The substantial square footage provides ample space for a variety of retail uses, allowing for expansive layouts and efficient operations. The large lot size provides ample parking and potential for future expansion or outdoor amenities. This property is available for lease and represents a rare opportunity to establish a strong presence in a thriving community. The building's existing infrastructure provides a solid foundation for immediate occupancy, minimizing upfront investment costs. Interested parties are encouraged to explore the potential of this prime retail location. The property's location in Logan County, Ohio, offers access to a strong local market and regional transportation networks. This is an ideal opportunity for a business seeking a high-visibility location with significant space to grow.

• CAP approach

  CAP return

  Valuation

  6%

  $2,821,834

  6.5%

  $2,604,770

  7%

  $2,418,715

• Comparable approach

  Method

  Valuation

  Relative Method

  $496,386

  Geo Method

  $496,386

• Alternative Use

  Use

  Valuation

  Residential

  $2,197,221

  Hospitality

  $2,012,642

  Educational

  $1,674,495

  Medical

  $1,732,083

  Retail

  $2,604,770

Location Insight

City

Russells Point

County

Logan

State

Ohio

Latitude

40.4732

Longitude

-83.8956

CBSA code

13340

CBSA name

BELLEFONTAINE, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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