Automotive Facility with Drive-Thru
1246 N Main St Urbana, OH 43078
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For Sale
Contact for pricing
Former auto dealership with showroom space and 8 semi-truck accessible drive-thru bays plus multiple drive-in doors.
Property Size25,034 SF
Lot Size10.06 Acres
Price / SF$139.81
Days on Market5
Property Features for 1246 N Main St
General Information
Standard status
Active
Size
25,034 SF
Lot size
10.06 Acres
Property subtype
INDUSTRIAL
Listing Agency:
NAI Ohio Equities
(614) 296-3739
Listed By:
Curt Berlin, SIOR · License #2023003870
(614) 296-3739
Source:
Moodyscre
Added: Jul 25
Changed: Jul 26
Last Checked: Jul 28 at 12:32PM
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 former auto dealership property includes three buildings totaling 120,334 SF for the main showroom and vehicle maintenance operations. The main building features 18 drive-in doors, including 8 full drive-thru bays that are semi-truck accessible, along with a former paint booth/wash bay. The maintenance area includes floor drains, waste oil heat, and an oil/water separator. The property also offers 3-phase power and LED lighting, plus a showroom with three private offices, restrooms, storage, and an upstairs conference room, as well as a parts department with mezzanine space.
Two additional buildings of 3,200 SF and 1,500 SF provide supplementary space. The site offers monument signage and high visibility on US-68 at a signalized corner.
Zoned M-1, the facility is suited for vehicle sales or maintenance and other industrial-oriented uses that align with a manufacturing district designation.
Two additional buildings of 3,200 SF and 1,500 SF provide supplementary space. The site offers monument signage and high visibility on US-68 at a signalized corner.
Zoned M-1, the facility is suited for vehicle sales or maintenance and other industrial-oriented uses that align with a manufacturing district designation.
Key Highlights
- Former auto dealership on 10.06 acres with a main building totaling 20,334 SF
- 8 full drive‑thru bays plus 18 drive‑in doors (12' x 14'), with semi‑truck accessible bays
- Showroom with 3 private offices, restrooms, storage, and an upstairs conference room
Financial Insights For Industrial
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 | $160.5k | $6.41 |
| − Vacancy | −$13.5k | −$0.54 |
| EGI | $147.0k | $5.87 |
| − OpEx | −$44.1k | −$1.76 |
| NOI | $102.9k | $4.11 |
25,034 SF · lease $6.41/SF/yr · vacancy 8.42% · expense 30.00%
Alternative Uses
Best Use
Industrial
$1.47M
$1.29M – $1.71M
NOI $102,870 @ 7.0% cap · market cap 2.94%
Second Best
Retail
$651.7K
$570.3K – $760.3K
NOI $45,620 @ 7.0% cap · market cap 1.30%
Theoretical Best
Specialty Retail
$6.98M
$6.11M – $8.15M
NOI $488,790 @ 7.0% cap · market cap 13.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Wreck-A-Mended Collision — 229 Downs Ave, Urbana, OH 43078
- Don's Auto — 1140 n main st, urbana, oh 43078
- Fraley's Towing — 929 Railroad St, Urbana, OH 43078
- Wooten Automotive & Towing — 912 N Main St, Urbana, OH 43078
- Muffler Brothers — 905 N Main St, Urbana, OH 43078
Frequently Asked Questions
What type of property is this?
Auto shop - Former auto dealership with showroom space and 8 semi-truck accessible drive-thru bays plus multiple drive-in doors.
Where is this auto shop located?
The property is located at 1246 N Main St Urbana, OH.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Former auto dealership on 10.06 acres with a main building totaling 20,334 SF; 8 full drive‑thru bays plus 18 drive‑in doors (12' x 14'), with semi‑truck accessible bays; Showroom with 3 private offices, restrooms, storage, and an upstairs conference room
