Versatile Commercial Building in
121-123 S 3rd St. Ironton, OH 45638
121-123 S 3rd St., Ironton, OH, 45638
$334,995
For Sale
$334,995
COMMERCIAL - Ironton, OH
Property Size4,840 SF
Lot Size0.05 Acres
Price / SF$69.21
Days on Market61
Property Features for 121-123 S 3rd St.
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Standard status
- Active
- APN
- 34-013-1700.001
- Size
- 4,840 SF
- Lot size
- 0.05 Acres
Utilities
- Heating system
- Central, Natural Gas
- Cooling system
- Central Air
Building Details
- Year built
- 1929
- Building materials
- Brick
- Roof type
- Rubber
Listing Agency
BUNCH REAL ESTATE ASSOCIATES
(740) 886-7214
8115 County Road 107, Proctorville, OH
Listed by
Todd Jenkins
(304) 544-2929
Added: May 18 Checked: Jul 17 at 4:06 pm
MLS# 183915
Copyright © 2026 Huntington Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-story commercial building is situated on a highly visible corner lot in Ironton, offering accessibility and exposure suitable for various business ventures. The main level features two separate storefronts, providing flexibility for multiple tenants or owner-occupied use with additional rental income. One of the storefronts has expansive windows along Park Street and South Third Street, maximizing visibility and natural light, making it suitable for retail or office space. The upper level offers multiple areas that can be utilized for storage, private offices, or future build-out opportunities. The property size is 4840 square feet and the lot size is 0.05 acres.
Key Highlights
- Two‑story commercial building built in 1929 with brick exterior and rubber roof
- Corner lot commercial property with two separate storefronts on the main level
- Main level storefronts front Park Street and South Third Street with expansive windows
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.9k | $5.76 |
| − Vacancy | −$1.2k | −$0.24 |
| EGI | $26.7k | $5.52 |
| − OpEx | −$8.0k | −$1.66 |
| NOI | $18.7k | $3.86 |
4,840 SF · lease $5.76/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$267.1K
$233.7K – $311.6K
NOI $18,695 @ 7.0% cap · market cap 5.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.10M
$964.0K – $1.29M
NOI $77,121 @ 7.0% cap · market cap 23.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
Similar Off Market Nearby
- Florists — 202 Vernon St, Ironton, OH 45638
- West End Floral and Gifts — 306 Ferry St, Russell, KY 41169
- A Touch Of Grace — 123 S 3rd St, Ironton, OH 45638
- Weber's Florists & Gifts — 1501 S 6th St, Ironton, OH 45638
FAQs
What type of property is this?
Storefront property - Two-story commercial building with storefronts in a visible location.
Where is this storefront property located?
The property is located at 121-123 S 3rd St. Ironton, OH.
What is the asking price?
The asking price for this property is $334,995.
What are key features of this property?
This property features: Two‑story commercial building built in 1929 with brick exterior and rubber roof; Corner lot commercial property with two separate storefronts on the main level; Main level storefronts front Park Street and South Third Street with expansive windows
