Renovated Mixed-Use Building For
7 Saint Andrews Blvd Chillicothe, OH 45601
7 Saint Andrews Blvd, Chillicothe, OH, 45601
$650,000
For Sale
$650,000
Renovated mixed-use building with high visibility and ample parking.
Property Size4,832 SF
Price / SF$134.52
Days on Market176
Property Features for 7 Saint Andrews Blvd
General Information
- Standard status
- Active
- Size
- 4,832 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1928
Listing agency
NAI Ohio Equities
(614) 595-2752
Listed by
Chad Boggs · License #OH #2023003870
(614) 595-2752
Source
Ohioequities
Added: Jan 27 Updated: Jul 6 at 10:10AM Checked: Jul 21 at 4:12AM
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 NAI Ohio Equities
Investment Insights
Based on property information with market context.
This commercially zoned property presents a re-development opportunity for commercial and residential purposes. The 4,832 square foot fully renovated mixed-use building is located adjacent to the Chillicothe Country Club. The location offers visibility with a traffic count of approximately 20,000 vehicles per day. It is positioned in a retail area behind Chipotle and Bob Evans. The property is located on Historic US Route 50 and offers proximity to Ross County Airport, State Routes 23, 35, and 104. It features a paved parking lot and irrigation infrastructure. The property can be purchased with 1075 Western Ave, with a parcel split to occur upon closing if purchased separately.
Key Highlights
- High traffic count of 20,000 vehicles per day and strong visibility due to its LOCATION ON HISTORIC US ROUTE 50.
- 4,832 SF FULLY RENOVATED mixed‑use building suitable for commercial or residential re‑development.
- Zoned commercial, offering significant potential for various business ventures.
Local 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 | $53.3k | $11.04 |
| − Vacancy | −$2.1k | −$0.44 |
| EGI | $51.2k | $10.60 |
| − OpEx | −$15.4k | −$3.18 |
| NOI | $35.8k | $7.42 |
4,832 SF · lease $11.04/SF/yr · vacancy 4.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$512.1K
$448.1K – $597.5K
NOI $35,848 @ 7.0% cap · market cap 5.52%
Second Best
Mixed Use
$455.6K
$398.6K – $531.5K
NOI $31,891 @ 7.0% cap · market cap 4.91%
Theoretical Best
Office A
$911.8K
$797.9K – $1.06M
NOI $63,829 @ 7.0% cap · market cap 9.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Renovated mixed-use building with high visibility and ample parking.
Where is this mixed-use property located?
The property is located at 7 Saint Andrews Blvd Chillicothe, OH.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: High traffic count of 20,000 vehicles per day and strong visibility due to its LOCATION ON HISTORIC US ROUTE 50.; 4,832 SF FULLY RENOVATED mixed‑use building suitable for commercial or residential re‑development.; Zoned commercial, offering significant potential for various business ventures.
