Historic Two-Story Masonry Retail
121 S Main St Waynesville, OH 45068
121 S Main St, Waynesville, OH, 45068
$500,000
For Sale
$500,000
Two-level masonry building built in 1822, on a small Main Street lot, sold as-is.
Property Size6,109 SF
Lot Size0.24 Acres
Price / SF$81.85
Days on Market97
Property Features for 121 S Main St
General Information
- Standard status
- Active
- Size
- 6,109 SF
- Lot size
- 0.24 Acres
Listing agency
Keller Williams Advisors
(513) 800-0675
Listed by
John M. Bissman · License #2013003960
(513) 800-0675
Source
Exprealty
Added: Apr 16 Updated: Jul 21 at 10:02AM Checked: Jul 21 at 10:02AM
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 Keller Williams Advisors
Investment Insights
Based on property information with market context.
This historic two-level masonry building at 121 S Main St was built in 1822 and offers a substantial commercial footprint for a wide range of uses. The property totals 6,109 sq ft and sits on a 0.24-acre lot. It is currently vacant, with repairs underway, and is being sold as-is, providing an opportunity to activate the space for an operator or owner’s intended concept.
Located in the heart of Waynesville along the high-traffic Main Street corridor, the building is within the National Register Historic District. It is surrounded by shops and dining and benefits from year-round festivals that draw visitor traffic.
With two levels and flexible interior layout, the building has been described as suitable for restaurant, retail, event space, office use, or short-term rental use. It is also positioned near the Little Miami Scenic Trail and Caesar Creek State Park.
Located in the heart of Waynesville along the high-traffic Main Street corridor, the building is within the National Register Historic District. It is surrounded by shops and dining and benefits from year-round festivals that draw visitor traffic.
With two levels and flexible interior layout, the building has been described as suitable for restaurant, retail, event space, office use, or short-term rental use. It is also positioned near the Little Miami Scenic Trail and Caesar Creek State Park.
Key Highlights
- Historic two‑level masonry commercial building built in 1822 at 121 S Main St, sold as‑is
- 6,109 sq ft on a 0.24‑acre lot in Waynesville’s high‑traffic Main Street corridor
- Located within the National Register Historic District
Local Financial Insights For Specialty 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 | $35.2k | $5.76 |
| − Vacancy | −$1.3k | −$0.21 |
| EGI | $33.9k | $5.55 |
| − OpEx | −$8.5k | −$1.39 |
| NOI | $25.4k | $4.17 |
6,109 SF · lease $5.76/SF/yr · vacancy 3.58% · expense 25.00%
Alternative Uses
Best Use
Retail
$852.2K
$745.7K – $994.2K
NOI $59,654 @ 7.0% cap · market cap 11.93%
Second Best
Specialty Retail
$363.5K
$318.1K – $424.1K
NOI $25,446 @ 7.0% cap · market cap 5.09%
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,517 @ 7.0% cap · market cap 19.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
Similar Off Market Nearby
- Hartsock's Village Florist — 275 miami st, waynesville, oh 45068
- FlowerLoft Florist and Gifts — 275 Miami St, Waynesville, OH 45068
FAQs
What type of property is this?
Storefront property - Two-level masonry building built in 1822, on a small Main Street lot, sold as-is.
Where is this storefront property located?
The property is located at 121 S Main St Waynesville, OH.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Historic two‑level masonry commercial building built in 1822 at 121 S Main St, sold as‑is; 6,109 sq ft on a 0.24‑acre lot in Waynesville’s high‑traffic Main Street corridor; Located within the National Register Historic District
