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    638-640 Fountain Ave Springfield, OH 45504

    Sponsored
    For Sale
    $1,000,000

    Prime location, 4780 sq ft, endless potential.

    Property size:
    4,780 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This remarkable Springfield, OH commercial property, located at 638-640 N Fountain Avenue, presents a unique investment opportunity. The building, formerly the Madison Ave Pharmacy, boasts approximately 4,780 square feet of space and is characterized by its stunning architecture and meticulously maintained landscaping. Inside, a spacious open floor plan bathed in natural light is complemented by several private offices, offering versatility for a wide array of commercial uses. The building's robust construction includes a poured concrete basement with pre-engineered joists, providing ample storage. Energy efficiency is ensured by a state-of-the-art geothermal heating and cooling system with newer pumps. A durable steel roof provides long-term protection. On-site parking is available, supplemented by convenient street parking. Security features include a security system and gated entry. Its prime location, just minutes from downtown Springfield and easily accessible from major routes, guarantees high visibility and accessibility. This property offers an exceptional chance to own a piece of Springfield's history and establish a thriving commercial enterprise. The asking price is $1,000,000.

    Property Features for 638-640 Fountain Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,780 SF

    Building Details

    Year Built
    2005
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Clark
    State
    Ohio
    Longitude
    -83.80925
    Latitude
    39.93239

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    FAQs

    What type of property is this?
    Commercial real estate - Prime location, 4780 sq ft, endless potential.
    Where is this commercial real estate located?
    The property is located at 638-640 Fountain Ave Springfield, OH.
    What is the asking price?
    The asking price for this property is $1,000,000.
    (937) 308-1122
    Request Owner's contact information
    638-640 Fountain Ave Springfield, OH 45504
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    Springfield, OH 45504
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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
    638-640 Fountain Ave Springfield, OH 45504
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