Freestanding Retail Building on
177 Lexington Ave Mansfield, OH 44907
177 Lexington Ave, Mansfield, OH, 44907
Contact for pricing
For Sale
Contact for pricing
5,675 SF retail building on 0.76 acres for sale.
Property Size5,675 SF
Lot Size0.76 Acres
Price / SF$132.16
Days on Market148
Property Features for 177 Lexington Ave
General Information
- Standard status
- Active
- Size
- 5,675 SF
- Lot size
- 0.76 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1997
Listing Agency
NAI Ohio Equities, LLC
(614) 629-5261
Listed by
Chad Boggs · License #2023003870
Source
Crexi
Added: Feb 19 Checked: Jul 17 at 6:18 am
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 NAI Ohio Equities, LLC
Investment Insights
Based on property information with market context.
This is an approximately 5,675 SF freestanding retail building situated on a corner site along Lexington Avenue. The property is located in the Mansfield market and offers open retail space, storefront windows, and on-site parking. It sits on roughly 0.76 acres and features street presence along both Lexington Avenue and Greenwood Avenue, providing strong visibility and signage opportunities. The building is suitable for neighborhood retail, service-based businesses, or showroom concepts. The location provides easy access to US 30 and I 71, and is a short drive to Mansfield Lahm Regional Airport, serving both local customers and regional traffic. The building is available immediately.
Key Highlights
- High‑visibility corner location on Lexington and Greenwood Avenues.
- Approximately 5,675 SF freestanding building suitable for retail, service, or showroom.
- Immediate availability for quick occupancy.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $81.7k | $14.40 |
| − Vacancy | −$3.4k | −$0.60 |
| EGI | $78.3k | $13.80 |
| − OpEx | −$23.5k | −$4.14 |
| NOI | $54.8k | $9.66 |
5,675 SF · lease $14.40/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$782.9K
$685.0K – $913.4K
NOI $54,801 @ 7.0% cap · market cap 7.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.14M
$999.0K – $1.33M
NOI $79,922 @ 7.0% cap · market cap 10.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
UPS Access Point ...
Courier Service
Advance Auto Parts
Auto Parts Store
Similar For Sale Nearby
Similar Off Market Nearby
- Kafer's Flowers — 41 S Mulberry St, Mansfield, OH 44903
FAQs
What type of property is this?
Storefront property - 5,675 SF retail building on 0.76 acres for sale.
Where is this storefront property located?
The property is located at 177 Lexington Ave Mansfield, OH.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: High‑visibility corner location on Lexington and Greenwood Avenues.; Approximately 5,675 SF freestanding building suitable for retail, service, or showroom.; Immediate availability for quick occupancy.
