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    1516 S Lincoln Ave Salem, OH 44460

    For Sale
    $100,000

    Commercial - Salem, OH

    Property size:
    4,680 SF
    Lot size:
    0.47 Acres
    Days on Market:
    38
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 1516 S Lincoln Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    200
    Rooms
    Bathroom 1, Bathroom 2
    Bathrooms
    2
    APN
    51-00137.000
    Parking features
    Garage
    Size
    4,680 SF
    Lot size
    0.47 Acres

    Utilities

    Heating system
    Natural Gas

    Building Details

    Year built
    1947
    Year renovated
    1947
    Floors in Building
    1
    Building materials
    Brick
    Roof type
    Metal
    Architectural style
    Other

    Ohio Real Estate Auctions LLC (937) 581-3037

    Listing agent Christopher Cox (937) 581-3037

    Listing date Oct 29, 2025

    MLS# 11598124 Listing URL

    Copyright © 2025 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Salem Commercial Corner Opportunity

    Located on a visible corner lot facing South Lincoln Avenue and Southeast Boulevard, this commercial property offers strong traffic exposure and easy access. The 4,680 square foot building sits on approximately 0.47 acres and is zoned C-2 General Commercial. The versatile layout includes a finished office entry with a foyer/reception area, two private offices (10x14 and 16x18), a large conference room (18x28), a half-bath, and a crew room (16x20) with a kitchen and full shower bath. There are two large shop spaces: a 28x48 north end with dual overhead doors (10x10 and 10x12), radiant gas heat, and 200 A electric; and a 30x48 south end with one overhead door (10x10) and 200 A electric. The durable block construction with a steel roof is adaptable to a wide range of commercial uses. The property is suitable for an office and warehouse/fabrication hub, automotive service/repair center, contractor yard with shop space, light manufacturing, or logistics hub. It could also be an investor redevelopment opportunity. The property is competitively priced in a market where flexible commercial/industrial space is increasingly hard to find. Annual taxes are approximately $1,700.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    KLG Ambulance/Micu Ambulance Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Salem Security Storage, Salem Store Safe

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Columbiana
    State
    Ohio
    Longitude
    -80.845814
    Latitude
    40.887508

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    FAQs

    What type of property is this?
    Warehouse - 4,680 SF building on 0.47 acre corner lot.
    Where is this warehouse located?
    The property is located at 1516 S Lincoln Ave Salem, OH.
    What is the asking price?
    The asking price for this property is $100,000.
    What are key features of this property?
    This property features: - Prime commercial corner location with high visibility and easy access.; - Versatile 4,680 SF building suitable for various commercial uses.; - Two large shop spaces with overhead doors and radiant gas heat.
    (937) 581-3037
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1516 S Lincoln Ave Salem, OH 44460
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