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Property profile & analytics
FOR LEASE
Retail space

1637 East Us Highway 36 Urbana, OH 43078

61,692 SF 6.76 ac lot Built 1989
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US66-4308007
1637 East Us Highway 36, Urbana, OH 43078 For Lease
$12 SF/Yr 3,943 SF available
1637 East Us Highway 36, Urbana, OH 43078
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Property summary
AI-generated overview

This turnkey tanning salon opportunity in Urbana, OH's Scioto Square Plaza presents a unique chance to acquire a profitable, established business. Located alongside anchor stores like Kroger, Tractor Supply Company, and Anytime Fitness, this salon benefits from high visibility and foot traffic. A proposed 300+ home subdivision nearby promises further growth potential. Established in 2000, the salon boasts a loyal customer base and consistent revenue growth. The sale includes 19 state-of-the-art tanning beds (various wattages), a Pura sunless spray tan booth, two POS computers, product inventory, a security system, a Pandora music system with tablet, a washer/dryer, approximately 250 tanning bulbs, and business management software (Tan Track and TMax Manager). The friendly and knowledgeable staff are included, and the current owner will provide training and support for a smooth transition. This is a fantastic opportunity to own a well-established business at a fraction of the original start-up cost. Note: This sale includes only the business assets

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1989
Total area 61,692 SF
Lot 6.76 ac (294,553 SF)
APN K48-25-11-02-27-001-06
UPID US66-4308007
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • SNOWFOX Sushi Take-out & Catering
  • H&R Block Tax Preparation
  • Edward Jones - Financial Advisor: Zac Fiely, AAMS™ Financial Advisor
  • First American Cash Advance Loan Service
  • Kroger Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$8.79M
CAP Approach CAP
by Request
Comparable Approach Comparable
$6.30M
Blend (final) Blend
$8.80M
Owner & transaction history
Von Commercial Investments LLC · 3 yrs held
Von Commercial Investments LLC
since 2022
Last sale
$11.6M
4 recorded transactions
2022
$1.3M
2021
$11.6M
2019
Price N/A
2019
$725,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $6.8M +78.9%
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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