Warehouse-Distribution Building with
1708 Eastern Ave, Gallipolis, OH 45631
For Sale
$499,900
Commercial Building, Gallipolis, OH
Property Size7,644 SF
Lot Size0.69 Acres
Price / SF$65.40
Days on Market186
Property Features for 1708 Eastern Ave
General Information
Property type
Property subtype
Zoning
Bathrooms
Full bathrooms
Rooms
Interior features
Lot features
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Cooling system
Building Details
Year built
Roof type
Listing Agency:
Wiseman Real Estate
Listed By:
Melissa Bowman · License #SAL.2018003481
(740) 446-3644
Added: May 8
Changed: Nov 7
Last Checked: Nov 9 at 4:06AM
MLS# 2434889
Copyright © 2026 Athens County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This commercial steel building is configured primarily as a warehouse-distribution center with a wide-span, column-free interior. The property includes a retail area and several office spaces, along with a drive-in garage currently utilized as a workshop. There are eight docking/loading bays on two distinct levels, plus a dedicated receiving area at the rear with two docks.
The building is located along Eastern Ave (SR 7) with approximately 120 feet of road frontage, providing visibility within the Gallipolis business district. Additional site access is available via a parking lot at the rear with direct access to Chatham Ave.
For tenants or buyers seeking flexible space for distribution and back-office operations, the combination of column-free warehouse area, multiple loading positions, and on-site office and retail areas supports a range of commercial uses. On-site receiving and docked loading can support efficient inbound operations, while the drive-in garage/workshop offers additional practical space for equipment staging or internal use.
The building is located along Eastern Ave (SR 7) with approximately 120 feet of road frontage, providing visibility within the Gallipolis business district. Additional site access is available via a parking lot at the rear with direct access to Chatham Ave.
For tenants or buyers seeking flexible space for distribution and back-office operations, the combination of column-free warehouse area, multiple loading positions, and on-site office and retail areas supports a range of commercial uses. On-site receiving and docked loading can support efficient inbound operations, while the drive-in garage/workshop offers additional practical space for equipment staging or internal use.
Key Highlights
- 7,644 SF steel commercial building built in 1973 with wide‑span, column‑free interior
- 120 ft road frontage along Eastern Ave (SR 7) with multiple docking/loading bays
- 8 docking/loading bays on two distinct levels plus a dedicated receiving area with two rear docks
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,142
Cap Rate
7.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$762,840
$762.8K
Cap Rate 7%
$544,886
$544.9K
Cap Rate 9%
$423,800
$423.8K
Market Conditions
NOI Build-Up for 7,644 SF
Gross rent
$49.0K $6.41/SF
− Vacancy
−$4.1K −$0.54/SF
EGI
$44.9K $5.87/SF
− OpEx
−$6.7K −$0.88/SF
NOI
$38.1K $4.99/SF
Area
Gallia County, OH
Vacancy
8.42%
Lease Rate
$6.41 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$762,840
Cap Rate 7%
$544,886
Cap Rate 9%
$423,800
Alternative Uses
Best Use
Warehouse
$544.9K
$476.8K – $635.7K
NOI $38,142 @ 7.0% cap · market cap 7.63%
Second Best
Industrial
$448.7K
$392.6K – $523.5K
NOI $31,411 @ 7.0% cap · market cap 6.28%
Theoretical Best
Office A
$1.54M
$1.35M – $1.80M
NOI $107,779 @ 7.0% cap · market cap 21.56%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
10
Dock-high doors
1
Drive-in doors
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
175
Businesses Nearby
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Business Placement
Demographics for 45631, OH
14,200
Population
6,328
Households
2.2
Avg Household Size
43
Median Age
19%
College-Educated
87%
High-School Grad
114.6 sq mi
ZIP Area
124
Density / Sq Mi
$54,772
Median Household Income
$36,382
Median Earnings
$807
Median Rent
$138,700
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Distribution center - Steel warehouse-distribution building with column-free interior, dock loading, office space, and a drive-in garage.
Where is this distribution center located?
The property is located at 1708 Eastern Ave Gallipolis, OH.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 7,644 SF steel commercial building built in 1973 with wide‑span, column‑free interior; 120 ft road frontage along Eastern Ave (SR 7) with multiple docking/loading bays; 8 docking/loading bays on two distinct levels plus a dedicated receiving area with two rear docks
