78 Lexington AveMansfield, OH 44907

  • Retail space
  • 3,070 SF
For Sale
$350,000 View listing

Property Details for 78 Lexington Ave

Year built
1950
Lot size
0.14 AC
Property size (Sq ft)
3,070 SF
Property type
Retail space
APN
027-01-085-12-000
APU
270108512000

Description

This exceptional Mansfield, Ohio property presents a unique redevelopment opportunity encompassing a total of 5 parcels totaling 0.56 acres. Strategically located on the corner of Lexington and Mulberry/Mendota Avenues, this site boasts multiple access points and high visibility. The main building at 78 Lexington Avenue offers 3,070 square feet of former retail space, while the adjacent 74 Lexington Avenue building comprises 4,138 square feet, previously occupied by a florist. Three additional parcels behind the florist building include a two-car block garage. The property is zoned B1 (Neighborhood Business District), making it ideal for retail development. With a daily traffic count of 9,000-11,000 vehicles (per MORPC), this location offers unparalleled exposure. The asking price of $350,000 includes all five parcels and existing improvements, sold as-is, where-is. The property features a total building square footage of 7,208 square feet, with 3 units, built in 1950, and sits on a 6,098.4 square foot lot. Currently vacant, this site presents a rare chance to capitalize on a high-traffic location in a thriving business district. The property is situated near a Dollar General, further enhancing its commercial viability.

Location Insight

City
Mansfield
County
Richland
State
Ohio
Latitude
40.751
Longitude
-82.5183
CBSA code
31900
CBSA name
MANSFIELD, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$868
$1,680
$10,590
$12,270
-
$4,810
$30,260
$35,070

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