15 Main StLexington, OH 44904

Property Details for 15 Main St

Year built

1976

Lot size

0.39 AC

Property size (Sq ft)

11,298 SF

Property type

Commercial land

APN

048-27-156-03-000

APU

482715603000

Description

This exceptional mixed-use property in Mansfield, Ohio, presents a lucrative investment opportunity. Located on a high-traffic corner, just three miles from I-71, this established business boasts 16,496 square feet across two stories. The ground floor features a thriving 5,850-square-foot retail store, a 1,800-square-foot workshop, and a 2,240-square-foot space leased to a national pizza chain. The second floor offers 4,890 square feet, including a leased two-bedroom, two-bathroom apartment (1,716 sq ft) and nine additional office spaces, perfect for creative office setups. The property sits on a 10,824-square-foot lot and benefits from an average daily traffic count of nearly 52,000 vehicles. The asking price is $699,900, with a 9.00% cap rate. The current lease for the retail space commenced October 1, 2020, and expires November 1, 2030, under a NNN lease. The property is zoned for mixed residential and commercial use, offering flexibility for future development. This turnkey operation includes the real estate, inventory, and business value (business sold separately). The seller is offering a 90-day transition period to ensure a smooth transfer. This is a rare opportunity to acquire a well-established, high-income-generating property in a prime location. All showings are by appointment only.

• Alternative Use

  Use

  Valuation

  Residential

  $2,441,482

  Hospitality

  $2,236,384

  Educational

  $1,860,646

  Medical

  $1,924,636

  Retail

  $2,894,338

Location Insight

City

Lexington

County

Richland

State

Ohio

Latitude

40.6793

Longitude

-82.5816

CBSA code

31900

CBSA name

MANSFIELD, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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].