Combined Retail
119 E Main St Smithville, OH 44677
For Sale
Contact for pricing
Two leasable retail spaces totaling 2,420 SF, each with upgraded power and ADA-compliant restroom features.
Property Size2,420 SF
Price / SF$113.64
Days on Market111
Property Features for 119 E Main St
General Information
Standard status
Active
Size
2,420 SF
Property subtype
RETAIL
Listing Agency:
Gerspacher Real Estate Group
(412) 956-0066
Listed By:
Emily Faust · License #SAL.2021003573
(412) 956-0066
Source:
Moodyscre
Added: Apr 10
Changed: Jul 28
Last Checked: Jul 28 at 2:31PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Gerspacher Real Estate Group
Investment Insights
Based on property information with market context.
This for-sale storefront property offers two separate spaces that can be leased individually or combined for one larger retail layout. Space A provides 1,320 SF with an accessible rear entrance and an ADA-compliant restroom. Space B offers 1,100 SF. Tenant-paid utilities are pro-rated, and the property is served by upgraded electrical with a 200 AMP power supply. Signage is available on the building, and restaurant equipment is available for sale separately.
Parking is available for 10 to 12 spaces, with additional on-street public parking. The property is located at 119 E Main St in Smithville, OH, and is zoned Central Commercial (C-1), which supports a range of uses including retail, office/banks, restaurants, and personal services.
Spaces are offered at $10/SF + NNN for Space A and $12/SF + NNN for Space B, and a lease-to-own option is available. Tenant utility responsibilities include pro-rated gas, electric, and water.
Parking is available for 10 to 12 spaces, with additional on-street public parking. The property is located at 119 E Main St in Smithville, OH, and is zoned Central Commercial (C-1), which supports a range of uses including retail, office/banks, restaurants, and personal services.
Spaces are offered at $10/SF + NNN for Space A and $12/SF + NNN for Space B, and a lease-to-own option is available. Tenant utility responsibilities include pro-rated gas, electric, and water.
Key Highlights
- Two leasable retail spaces totaling 2,420 SF: Space A 1,320 SF and Space B 1,100 SF
- Lease‑to‑own option available
- Space A includes accessible rear entrance and ADA‑compliant restroom
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.3k | $15.00 |
| − Vacancy | −$1.5k | −$0.63 |
| EGI | $34.8k | $14.37 |
| − OpEx | −$10.4k | −$4.31 |
| NOI | $24.3k | $10.06 |
2,420 SF · lease $15.00/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$347.8K
$304.3K – $405.7K
NOI $24,343 @ 7.0% cap · market cap 8.85%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.77M
$1.55M – $2.06M
NOI $123,811 @ 7.0% cap · market cap 45.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Two leasable retail spaces totaling 2,420 SF, each with upgraded power and ADA-compliant restroom features.
Where is this retail space located?
The property is located at 119 E Main St Smithville, OH.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Two leasable retail spaces totaling 2,420 SF: Space A 1,320 SF and Space B 1,100 SF; Lease‑to‑own option available; Space A includes accessible rear entrance and ADA‑compliant restroom
