Property summary
This exceptional special-purpose property, located at 429 S Limestone Street in Springfield, Ohio, presents a unique investment opportunity. Situated on a substantial 24,393.6 square foot corner lot, this property boasts unparalleled visibility at the busy intersection of S. Limestone St, West Pleasant St, Spring St, and Selma Road. Currently operating as a car lot, the property includes two service bays, a spacious office, a medium-sized storage room, and one bathroom. The existing infrastructure allows for efficient operations, and there's potential to add a second bathroom to enhance functionality. Two convenient driveways provide easy access for customers and inventory management. The asking price is $290,000, translating to $154.91 per square foot. This property's high-traffic location and existing improvements make it ideal for a variety of uses, offering significant potential for return on investment. The property's size and strategic placement offer considerable flexibility for future development or continued operation as a car lot. The existing building provides immediate income potential, while the expansive lot allows for potential expansion or redevelopment. This is a rare opportunity to acquire a well-positioned commercial property in a thriving Ohio market. The property is zoned for commercial use and is ready for immediate occupancy. Serious inquiries are encouraged.
Property profile
VerifiedCap rate & NOI
Current use
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Church Mosque
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Springfield market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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