Property profile

140 Mansfield Ave Shelby, OH 44875

OFF-MARKET
Grocery and convenience stores
Property ID
US66-1328302
39,637 SF 1.94 ac lot Built 1963
Individually Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 39,637 square foot commercial property, located at 140 Mansfield Avenue, Shelby, Ohio 44875, presents a unique investment opportunity. Situated on a 1.94-acre lot (APN 046-08-068-02-000), this single-tenant building boasts a rich history as a former grocery store and retail center. Its versatile layout and ample space make it ideal for adaptive reuse, catering to a wide range of businesses. Imagine transforming this space into an indoor pickleball facility, a vibrant entertainment zone, creative office spaces, or a specialty retail establishment. The property's convenient location, near Mickey Rd., and abundant parking further enhance its appeal. The property comes with an existing carryout license and Sunday sales permit. This is a rare chance to acquire a substantial commercial property with significant upside potential in a desirable location. The property's size and adaptability offer a blank canvas for a creative entrepreneur seeking a distinctive and functional space. Don't miss this opportunity to own a piece of Shelby's commercial landscape.

Property profile

Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1963
Construction FRAME
Total area 39,637 SF
Lot 1.94 ac (84,546 SF)
APN 046-08-068-02-000
UPID US66-1328302

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Pharmacy
  • Pharmacy
  • Bank Loan Service
  • Pharmacy

Location

140 Mansfield Ave Shelby, OH 44875-1833
Shelby metro Census 2600 MANSFIELD, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$670k
CAP Approach CAP
by Request
Comparable Approach Comparable
$863k
Blend (final) Blend
$425k

Owner & transaction history

since 2023
Last sale
$450,000
2 recorded transactions
2023
$450,000
2020
$750

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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