Warehouse-Distribution Building with
For Sale
$499,900
1712 Eastern Ave, Gallipolis, OH 45631
Steel warehouse-distribution facility with office space, multiple docks, and a rear receiving area for flexible tenant operations.
Property Size7,644 SF
Price / SF$65.40
Days on Market98
Property Features for 1712 Eastern Ave
General Information
Standard status
Active
Size
7,644 SF
Warehouse & Industrial
Dock-High Doors
8
Drive-In Doors
1
Building Details
Year Built
1973
Listing Agency:
Wiseman Real Estate
Listed By:
Melissa Bowman · License #SAL.2018003481
(740) 446-3644
Source:
Thelorilynngroup
Added: Jul 1
Changed: Oct 5
Last Checked: Oct 5 at 11:32PM
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 Wiseman Real Estate
Investment Insights
Based on property information with market context.
This steel warehouse-distribution building totals 7,644 square feet and is laid out with a wide-span, column-free interior designed for unobstructed storage and operations. The building also includes a retail area and several office spaces, supporting mixed-use functionality within one structure. Operational support is enhanced by eight docking/loading bays across two levels, along with a dedicated rear receiving area with two docks. A drive-in garage is present and has been utilized as a workshop, adding a convenient enclosed work area for on-site tasks.
The property is positioned in the Gallipolis Business District with approximately 120 feet of road frontage along Eastern Ave (SR 7), providing visibility to passing traffic. Access is supported by a rear parking lot area of approximately 11,000 square feet with direct access to Chatham Ave, helping accommodate customer and employee parking needs and assisting day-to-day delivery logistics.
For tenants and owner-operators needing distribution and warehouse capabilities, the combination of multiple docks, a dedicated receiving area, and a clear-span interior can support efficient loading and workflow. The inclusion of office and retail space can also be useful for companies that want space for administrative functions or customer-facing operations alongside their primary distribution use.
The property is positioned in the Gallipolis Business District with approximately 120 feet of road frontage along Eastern Ave (SR 7), providing visibility to passing traffic. Access is supported by a rear parking lot area of approximately 11,000 square feet with direct access to Chatham Ave, helping accommodate customer and employee parking needs and assisting day-to-day delivery logistics.
For tenants and owner-operators needing distribution and warehouse capabilities, the combination of multiple docks, a dedicated receiving area, and a clear-span interior can support efficient loading and workflow. The inclusion of office and retail space can also be useful for companies that want space for administrative functions or customer-facing operations alongside their primary distribution use.
Key Highlights
- 7,644 SF steel warehouse‑distribution building in the Gallipolis Business District with a wide‑span, column‑free interior
- 120 ft road frontage along Eastern Ave (SR 7), with access to drive‑in entry and heavy‑traffic exposure
- Multiple loading features including eight docking/loading bays on two distinct levels
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
Office B
$1.34M
$1.17M – $1.56M
NOI $93,713 @ 7.0% cap · market cap 18.75%
Second Best
Warehouse
$544.9K
$476.8K – $635.7K
NOI $38,142 @ 7.0% cap · market cap 7.63%
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.
Property Analytics
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Current Use
Lease Details
8
Dock-high doors
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
175
Businesses Nearby
Explore this area
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 Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Distribution center - Steel warehouse-distribution facility with office space, multiple docks, and a rear receiving area for flexible tenant operations.
Where is this distribution center located?
The property is located at 1712 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 warehouse‑distribution building in the Gallipolis Business District with a wide‑span, column‑free interior; 120 ft road frontage along Eastern Ave (SR 7), with access to drive‑in entry and heavy‑traffic exposure; Multiple loading features including eight docking/loading bays on two distinct levels
