202 Belmont Ave, Springfield, OH 45505-1224

This versatile 4,380 square foot mixed-use property at 202 S Belmont Avenue, Springfield, OH, presents a compelling investment opportunity. Currently generating $3,000 monthly income from seven full-time ($100/week) and one part-time ($50/week) leased salon booths on month-to-month agreements, this brick ranch offers significant upside potential. The building, featuring a full basement, was originally designed as two separate office spaces and could be easily converted back to this configuration. A large parking lot provides ample parking for tenants and customers. Recent upgrades include a new roof (2023), updated heating and cooling systems (2021), and a recently resealed parking lot ($37,500 investment in 2024). The property has also undergone cosmetic remodeling. An adjacent 0.23-acre commercially zoned lot is available for an additional $30,000, allowing for expansion possibilities ranging from additional office space to a four-unit apartment building. This property offers a blend of immediate income and future development potential, making it an attractive investment in a thriving Springfield location. The asking price for this turnkey operation is $350,000.