Downtown Retail Storefront
195 S Main St Waynesville, OH 45068
195 S Main St, Waynesville, OH, 45068
$800,000
For Sale
$800,000
Storefront property with five established retail tenants and an additional vacant lot for future expansion.
Property Size3,295 SF
Price / SF$242.79
Days on Market97
Property Features for 195 S Main St
General Information
- Standard status
- Active
- Size
- 3,295 SF
Listing Agency
Keller Williams Advisors
(513) 800-0675
Listed by
John M. Bissman · License #2013003960
(513) 800-0675
Source
Exprealty
Added: Apr 16 Updated: Jul 20 at 5:24 pm Checked: Jul 20 at 5:24 pm
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Investment Insights
Based on property information with market context.
This income-producing Main Street retail property in historic Waynesville, Ohio features multiple storefront units occupied by five established retail tenants. The offering is also complemented by an additional vacant lot that provides space for future expansion or development potential. The property is being sold as-is.
The asset is positioned in a high-visibility, walkable downtown district and is described as benefiting from steady foot traffic associated with local shops, dining, and year-round events. It also offers proximity to Caesar Creek State Park, the Little Miami Scenic Trail, and the Ohio Renaissance Festival.
The tenant occupancy generates stated income of $4,500 per month, creating immediate cash-flow for an investor seeking an operating retail asset with room for growth via the included vacant lot.
The asset is positioned in a high-visibility, walkable downtown district and is described as benefiting from steady foot traffic associated with local shops, dining, and year-round events. It also offers proximity to Caesar Creek State Park, the Little Miami Scenic Trail, and the Ohio Renaissance Festival.
The tenant occupancy generates stated income of $4,500 per month, creating immediate cash-flow for an investor seeking an operating retail asset with room for growth via the included vacant lot.
Key Highlights
- Income‑producing Main Street retail property in historic Waynesville, Ohio with 5 established retail tenants
- Tenants currently generate $4,500/month in rental income
- Includes an additional vacant lot for future expansion or development
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 | $49.4k | $15.00 |
| − Vacancy | −$3.5k | −$1.05 |
| EGI | $46.0k | $13.95 |
| − OpEx | −$13.8k | −$4.19 |
| NOI | $32.2k | $9.76 |
3,295 SF · lease $15.00/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$459.7K
$402.2K – $536.3K
NOI $32,176 @ 7.0% cap · market cap 4.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$736.0K
$644.0K – $858.7K
NOI $51,519 @ 7.0% cap · market cap 6.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
Similar Off Market Nearby
- Hartsock's Village Florist — 275 miami st, waynesville, oh 45068
- FlowerLoft Florist and Gifts — 275 Miami St, Waynesville, OH 45068
FAQs
What type of property is this?
Storefront property - Storefront property with five established retail tenants and an additional vacant lot for future expansion.
Where is this storefront property located?
The property is located at 195 S Main St Waynesville, OH.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Income‑producing Main Street retail property in historic Waynesville, Ohio with 5 established retail tenants; Tenants currently generate $4,500/month in rental income; Includes an additional vacant lot for future expansion or development
