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    202 Belmont Ave Springfield, OH 45505

    For Sale
    $350,000

    Profitable Salon, Expansion Potential

    Property size:
    4,380 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This 4,380 square foot commercial property at 202 S Belmont Avenue, Springfield, OH, presents a unique investment opportunity. Currently generating $3,000 monthly income from seven full-time and one part-time salon booth leases (month-to-month), this brick ranch offers significant upside potential. The property features a full basement, easily adaptable to create two separate commercial units. A large parking lot provides ample space for clients and employees. Recent upgrades include a new roof (2023), updated heating and cooling systems (2021), and a recently resealed parking lot (2024, $37,500 investment). The building has undergone cosmetic remodeling. An adjacent 0.23-acre commercially zoned lot is available for an additional $30,000, allowing for expansion possibilities, including additional office space or a multi-unit apartment building. This property is ideally suited for a medical professional or salon owner seeking expansion, offering a strong return on investment and significant flexibility. The property is priced at $350,000.

    Property Features for 202 Belmont Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,380 SF
    Lot Size
    10,019 SF

    Building Details

    Year Built
    1955
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wehrley Darby w ... Podiatrist Just Relax Massage Massage Therapist Beth's City Salon Hair Salon

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Clark
    State
    Ohio
    Longitude
    -83.77953
    Latitude
    39.92115

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    FAQs

    What type of property is this?
    Commercial real estate - Profitable Salon, Expansion Potential
    Where is this commercial real estate located?
    The property is located at 202 Belmont Ave Springfield, OH.
    What is the asking price?
    The asking price for this property is $350,000.
    (937) 322-0352
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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
    202 Belmont Ave Springfield, OH 45505
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