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Retail Investment with 6% Cap
For Sale
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1640 N Limestone St, Springfield, OH 45503

Retail property offered for sale with a stated 6% capitalization rate.

Property SizeContact for details
Days on Market121

Property Features for 1640 N Limestone St

General Information

Standard status Active
Property subtype Retail
Listing Agency: CBRE - Philadelphia Suburban
Listed By: Michael Shover · License #PA RS297166
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 23 at 9:39AM

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 CBRE - Philadelphia Suburban

Investment Insights

Based on property information with market context.

This for-sale retail property is offered with a stated 6% capitalization rate. The listing also references a total area of 19,600 SF.

The asset is located at 1640 N Limestone St, Springfield, OH 45503. Additional property configuration, tenant details, and operating expenses are not provided in the information submitted.

Key Highlights

  • Retail property for sale with a stated 6.00% cap rate
  • 19,600 SF retail building

Property Analytics

Current Use

Pediatric Associates of Springfield Medical Clinic Dr. Lawrence E. ... Pediatrician Megan A Pencil Physician Dr. Olsen J. ... Pediatrician Manuel Mancy Pediatrician

Suggested Use

Top Pick HVAC Service Auto Repair Shop Big Box & Wholesale Store Electrical Service Kitchen & Bath Showroom Bakery

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

1,266
Businesses Nearby
36k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 62% Shops & Services 20% Hotels & Casinos 18%
Wendy's Dining
20,333 visits/mo 0.5 miles
Courtyard Springfield Downtown Hotels & Casinos
6,365 visits/mo 0.3 miles
Huntington Bank Shops & Services
5,717 visits/mo 0.1 miles
Jimmy John's Dining
1,574 visits/mo 0.4 miles
Advance Auto Parts Shops & Services
1,535 visits/mo 0.4 miles

Demographics for 45503, OH

32,870
Population
15,458
Households
2.1
Avg Household Size
44
Median Age
17%
College-Educated
89%
High-School Grad
17.5 sq mi
ZIP Area
1,878
Density / Sq Mi
$54,561
Median Household Income
$36,761
Median Earnings
$871
Median Rent
$153,100
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Retail property offered for sale with a stated 6% capitalization rate.
Where is this retail space located?
The property is located at 1640 N Limestone St Springfield, OH.
What are key features of this property?
This property features: Retail property for sale with a stated 6.00% cap rate; 19,600 SF retail building
(610) 251-0820 Call to check price and availability
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