355 Main StLexington, OH 44904
- Retail properties
- 11,935 SF
Property Details for 355 Main St
- Year built
- 2007
- Lot size
- 2.03 AC
- Property size (Sq ft)
- 11,935 SF
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 048-27-190-56-000
- APU
- 482719056000
Description
This exceptional freestanding retail property, formerly a Rite Aid, presents a unique investment opportunity in Lexington, Ohio. The building boasts a substantial 14,564 square feet of vacant space, situated on a generous 2.23-acre lot. Its prime location at 355 E Main St, in Richland County, offers excellent visibility and accessibility for any business. The property's single-tenancy configuration provides flexibility for a wide range of retail uses. The asking price for this turnkey property is $1,700,000. This represents a significant opportunity to acquire a well-located, sizable retail building in a thriving community. The property's size and location make it ideal for a variety of retail concepts, offering ample space for inventory, display, and customer service. The expansive lot provides ample parking and potential for future expansion or outdoor amenities. The property is zoned for commercial use and is ready for immediate occupancy. Its previous use as a pharmacy suggests strong potential for similar businesses or those requiring significant square footage. This is a rare opportunity to acquire a substantial retail property in a desirable location. Serious inquiries are encouraged. The property is located in Lexington, Ohio, zip code 44904.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $3,312,334
- 6.5%
- $3,057,538
- 7%
- $2,839,143
-
Comparable approach
- Method
- Valuation
- Relative Method
- $2,813,328
- Geo Method
- $2,813,328
-
Alternative Use
- Use
- Valuation
- Residential
- $2,579,148
- Hospitality
- $2,362,486
- Educational
- $1,965,560
- Medical
- $2,033,159
- Retail
- $3,057,538
Location Insight
- City
- Lexington
- County
- Richland
- State
- Ohio
- Latitude
- 40.6815
- Longitude
- -82.5703
- CBSA code
- 31900
- CBSA name
- MANSFIELD, OH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].