Commercial Land with Existing
For Sale
$925,000
1725 Eastern Ave, Gallipolis, OH 45631
Two existing buildings and dual curb cuts provide immediate physical improvements and convenient access from Eastern Avenue.
Property Size2,600 SF
Price / SF$355.77
Days on Market65
Property Features for 1725 Eastern Ave
General Information
Standard status
Active
Size
2,600 SF
Taxes and HOA fees
Annual Taxes
$4,139
Listing Agency:
Wiseman Real Estate
(740) 446-3644
Listed By:
Joshua Bodimer · License #BRKP.2016000145
(740) 645-6665
Source:
Exprealty
Added: Aug 4
Changed: Oct 2
Last Checked: Oct 5 at 7:54PM
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 commercial land offering includes two existing buildings on the site, creating an improved property rather than a vacant parcel. The site also has dual curb cuts, providing access from Eastern Avenue and supporting a range of potential commercial layouts or future redevelopment plans.
The property is located at 1725 Eastern Ave in Gallipolis, Ohio, directly adjacent to McDonald's and near Gallipolis Marketplace. Its position places the parcel within an established commercial setting with nearby retail activity and recognizable neighboring businesses.
The property is located at 1725 Eastern Ave in Gallipolis, Ohio, directly adjacent to McDonald's and near Gallipolis Marketplace. Its position places the parcel within an established commercial setting with nearby retail activity and recognizable neighboring businesses.
Key Highlights
- Two existing buildings are located on the commercial land
- Dual curb cuts provide access from Eastern Avenue
- Directly adjacent to McDonald's
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,903
Cap Rate
3.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$598,060
$598.1K
Cap Rate 7%
$427,186
$427.2K
Cap Rate 9%
$332,256
$332.3K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$44.3K $17.04/SF
− Vacancy
−$1.6K −$0.61/SF
EGI
$42.7K $16.43/SF
− OpEx
−$12.8K −$4.93/SF
NOI
$29.9K $11.50/SF
Area
Gallia County, OH
Vacancy
3.58%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$598,060
Cap Rate 7%
$427,186
Cap Rate 9%
$332,256
Alternative Uses
Best Use
Retail
$427.2K
$373.8K – $498.4K
NOI $29,903 @ 7.0% cap · market cap 3.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$523.7K
$458.3K – $611.0K
NOI $36,660 @ 7.0% cap · market cap 3.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Commercial land - Two existing buildings and dual curb cuts provide immediate physical improvements and convenient access from Eastern Avenue.
Where is this commercial land located?
The property is located at 1725 Eastern Ave Gallipolis, OH.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Two existing buildings are located on the commercial land; Dual curb cuts provide access from Eastern Avenue; Directly adjacent to McDonald's
