Multi-Building Auto Shop
For Sale
$597,500
204 S Broadway Street, Blanchester, OH 45107
Commercial Sale, Blanchester, OH
Property Size7,409 SF
Lot Size1.40 Acres
Price / SF$80.65
Days on Market50
Property Features for 204 S Broadway Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Fenced
Interior features
Smoke Detector, Drive-in Door
Exterior features
Full Fenced, Sidewalks, Curb/Gutter
Fencing
Fenced
Directions
St Rt 133 to Blanchester or St Rt 123 to Blanchester. Property located at the corner of St Rt 133 and St Rt 133.
Subdivision
Clinton-E32
Standard status
Active
APN
220101501B00100
Size
7,409 SF
Lot size
1.40 Acres
Utilities
Heating system
Forced Air
Amenities
dedicated paint room
new HVAC
updated electric
private entrance
Building Details
Year built
1947
Flooring type
Concrete
Building materials
Block, Metal Siding
Roof type
Shingle
Listing Agency:
Falgner Realty LLC
(937) 783-4040
Listed By:
Anthony Falgner · License #2014004721
(937) 725-5556
Added: Aug 18
Changed: Aug 20
Last Checked: Oct 6 at 3:06PM
MLS# 1890589
Copyright © 2026 MLS of Greater Cincinnati, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 7,409-square-foot commercial property spans three separate buildings on 1.403 acres. The corner structure, formerly used as a car dealership, includes space occupied by a car repair tenant, while the remaining portion has new HVAC and updated electrical service. A second building offers nearly 2,400 square feet of retail space, a dedicated paint room, chain-link fencing, and a large parking area. The third improvement is a smaller garage with its own entrance and a current tenant.
Located in downtown Blanchester at the intersection of St Rt 123 and St Rt 133, the property has exposure along two state highways. Additional physical features include a drive-in door, concrete floors, block and metal siding, forced-air heat, sidewalks, curb and gutter, and fenced parking. The property was built in 1947.
Located in downtown Blanchester at the intersection of St Rt 123 and St Rt 133, the property has exposure along two state highways. Additional physical features include a drive-in door, concrete floors, block and metal siding, forced-air heat, sidewalks, curb and gutter, and fenced parking. The property was built in 1947.
Key Highlights
- Three separate commercial buildings on 1.403 acres
- 7,409 square feet of total property size
- Corner position at St Rt 123 and St Rt 133 in downtown Blanchester
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,445
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$608,900
$608.9K
Cap Rate 7%
$434,929
$434.9K
Cap Rate 9%
$338,278
$338.3K
Market Conditions
NOI Build-Up for 7,409 SF
Gross rent
$47.5K $6.41/SF
− Vacancy
−$4.0K −$0.54/SF
EGI
$43.5K $5.87/SF
− OpEx
−$13.0K −$1.76/SF
NOI
$30.4K $4.11/SF
Area
Clinton County, OH
Vacancy
8.42%
Lease Rate
$6.41 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$608,900
Cap Rate 7%
$434,929
Cap Rate 9%
$338,278
Alternative Uses
Best Use
Retail
$1.93M
$1.69M – $2.25M
NOI $135,017 @ 7.0% cap · market cap 22.60%
Second Best
Industrial
$434.9K
$380.6K – $507.4K
NOI $30,445 @ 7.0% cap · market cap 5.10%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
280
Businesses Nearby
53k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 55%
Dining 45%
United Dairy Farmers
Shops & Services
18,462 visits/mo
0.1 miles
McDonald's
Dining
17,019 visits/mo
0.2 miles
Taco Bell
Dining
4,404 visits/mo
0.2 miles
Family Dollar
Shops & Services
3,918 visits/mo
0.4 miles
AutoZone
Shops & Services
2,261 visits/mo
0.3 miles
Demographics for 45107, OH
9,806
Population
3,656
Households
2.7
Avg Household Size
41
Median Age
12%
College-Educated
89%
High-School Grad
80.6 sq mi
ZIP Area
122
Density / Sq Mi
$65,625
Median Household Income
$33,915
Median Earnings
$918
Median Rent
$196,300
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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Similar Off Market Nearby
- JaM Small Engine Repair LLC — 5474 Oak Grove Ave, Blanchester, OH 45107
- Mockabee Motors — 104 Cherry St, Blanchester, OH 45107
- Krimmer Auto Body Towing — Blanchester, OH 45107
- Bill Martin's Auto — 204 S Broadway St, Blanchester, OH 45107
- ACH Diesel, LLC — 700 Cherry St, Blanchester, OH 45107
Frequently Asked Questions
What type of property is this?
Auto shop - Three commercial structures combine automotive service space, retail area, parking, and secured outdoor areas in downtown Blanchester.
Where is this auto shop located?
The property is located at 204 S Broadway Street Blanchester, OH.
What is the asking price?
The asking price for this property is $597,500.
What are key features of this property?
This property features: Three separate commercial buildings on 1.403 acres; 7,409 square feet of total property size; Corner position at St Rt 123 and St Rt 133 in downtown Blanchester
