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Property profile & analytics
OFF-MARKET Estimated value $1,480,000
Retail space

120 Main St Russells Point, OH 43348

10,004 SF 2.06 ac lot Built 1995
Individually Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US66-4904782
Property summary
AI-generated overview

This exceptional 10,004-square-foot retail space, located at 120 W Main St in Russells Point, Ohio, presents a significant opportunity for businesses seeking a prominent location. The property, a former Rite Aid, boasts a single-tenant occupancy and sits on a generous 2.08-acre lot. Built in 1995, the building is entirely vacant, offering a blank canvas for a new tenant to customize and develop. The property's address is 120 W Main St, Russells Point, OH 43348, within Logan County. Its convenient location offers excellent visibility and accessibility for customers. The substantial square footage provides ample space for a variety of retail uses, allowing for expansive layouts and efficient operations. The large lot size provides ample parking and potential for future expansion or outdoor amenities. This property is available for lease and represents a rare opportunity to establish a strong presence in a thriving community. The building's existing infrastructure provides a solid foundation for immediate occupancy, minimizing upfront investment costs. Interested parties are encouraged to explore the potential of this prime retail location. The property's location in Logan County, Ohio, offers access to a strong local market and regional transportation networks. This is an ideal opportunity for a business seeking a high-visibility location with significant space to grow.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1995
Total area 10,004 SF
Lot 2.06 ac (89,516 SF)
APN 52-032-09-06-010-006
UPID US66-4904782
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.48M
CAP Approach CAP
by Request
Comparable Approach Comparable
$930k
Blend (final) Blend
$1.48M
Owner & transaction history
Mary Rutan Hospital · 1 yrs held
Mary Rutan Hospital
since 2024
Last sale
$1.5M
1 recorded transaction
2024
$1.5M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units) $1.2M +68.3%
Restaurant $1.2M +67.4%
Office building $1.0M +44.3%
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