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L-Shaped Office Building
For Sale
$1,400,000

775 Lexington Ave, Mansfield, OH 44907

An L-shaped office building offers main-level space ready to build to suit plus a second level for future customization.

Property Size13,568 SF
Price / SF$103.18
Days on Market583

Property Features for 775 Lexington Ave

General Information

Standard status Active
Size 13,568 SF

Taxes and HOA fees

Annual Taxes $11,350
Listing Agency: RE/MAX First Realty
Listed By: Faith I Deal · License #2002007872
Source: Exprealty
Added: Mar 18, 2025 Changed: Oct 1 Last Checked: Oct 19 at 10:27AM

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 RE/MAX First Realty

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Investment Insights

Based on property information with market context.

This L-shaped office building on SR 42 is designed to accommodate a range of tenant configurations. The main level includes approximately 1,800 square feet that is ready to be built out to suit as one suite or divided into two suites, while the second level is also ready to build to suit.

The property is positioned on SR 42 with high visibility and traffic. The setting is described as an infill location close to residential and office buildings.

For an ownership structure, the owner is currently an occupier/investor and the building has two long-term tenants in place, generating significant income as described in the remarks.

Key Highlights

  • L‑shaped office building on SR 42 with main level space approx. 1,800 SF ready to build to suit into one suite or split into two suites
  • Second level is ready to build to suit for future tenant configuration
  • Property has two long‑term tenants in place with significant income

Property Analytics

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Current Use

Kristi Boyce Foster Care Service Mary Rufer, LISW Crisis Center Imperial Autism Connections Special Education Facility Jocelyn King Counselor Andrea King Counselor

Suggested Use

Top Pick Restaurant Real Estate Agency Building Supply Big Box & Wholesale Store Law Firm Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

459
Businesses Nearby

Demographics for 44907, OH

15,014
Population
7,798
Households
1.9
Avg Household Size
44
Median Age
19%
College-Educated
91%
High-School Grad
7.8 sq mi
ZIP Area
1,925
Density / Sq Mi
$44,033
Median Household Income
$34,528
Median Earnings
$788
Median Rent
$130,400
Median Home Value
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Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025

Frequently Asked Questions

What type of property is this?
Office building - An L-shaped office building offers main-level space ready to build to suit plus a second level for future customization.
Where is this office building located?
The property is located at 775 Lexington Ave Mansfield, OH.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: L‑shaped office building on SR 42 with main level space approx. 1,800 SF ready to build to suit into one suite or split into two suites; Second level is ready to build to suit for future tenant configuration; Property has two long‑term tenants in place with significant income
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