202 Belmont Ave Springfield, OH 45505

Property Details for 202 Belmont Ave

Year built

1955

Construction

BRICK

Lot size

0.23 lot acres

Property size

2,920 SF

Property type

Medical offices

Property subtype

Medical centers

APN

340-07-00022-101-009

APU

3400700022101009

Description

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.

Location Insight

City

Springfield

County

Clark

State

Ohio

Longitude

-83.7796

Latitude

39.9212

CBSA code

44220

CBSA name

SPRINGFIELD, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments