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Mixed-Use Property with Garages
For Sale
$899,000

208 Wright Avenue, Lebanon, OH 45036

The combined offering includes commercial-capable space, a four-family building, and separate garage facilities.

Property Size11,242 SF
Price / SF$79.97
Days on Market214

Property Features for 208 Wright Avenue

General Information

Standard status Active
Size 11,242 SF
Total Parking Spaces 7
Property subtype Commercial
Zoning Residential, Commercial

Site & Location

Highway Access Yes
Mixed-Use Components retail, residential

Additional Details

Tenant in Place Yes

Building Details

Building Size 11,242 SF
Year Built 1890
Buildings 2
Listing Agency: GenStone Realty
Listed By: Shawn D. Tegtmeier
Source: Galbraithrealtors
Added: Mar 25 Changed: Oct 23 Last Checked: Oct 23 at 4:56PM

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 GenStone Realty

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Investment Insights

Based on property information with market context.

Offered as a single package, the property combines two buildings with an estimated 11,242 SF in total. One building has approximately 11,000 SF above grade, plus a basement; its lower levels have commercial-retail utility, while the second floor is unfinished and was intended for a loft apartment conversion. The other building contains four residential units and is accompanied by a six-car garage and a detached one-car garage. Updates include windows, roofing, and Hardie siding. Two units are rented, subject to tenant rights.

The zoning is listed as residential and commercial. The property has creek and park views, is near Harmon Golf Course, and is within walking distance of historic downtown Lebanon, with access to I-71. Commercial uses should be confirmed with the city of Lebanon.

Key Highlights

  • Two‑building offering with an estimated 11,242 SF combined
  • One building has approximately 11,000 SF above grade plus a basement
  • Second‑floor area was intended for loft apartments and remains unfinished

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Parking Lot & Garage Big Box & Wholesale Store Bakery Locksmith (Bike/Boat/Book/etc) Store Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

195
Businesses Nearby

Demographics for 45036, OH

41,060
Population
15,036
Households
2.7
Avg Household Size
39
Median Age
32%
College-Educated
92%
High-School Grad
81.2 sq mi
ZIP Area
506
Density / Sq Mi
$97,944
Median Household Income
$51,565
Median Earnings
$1,090
Median Rent
$317,600
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 Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - The combined offering includes commercial-capable space, a four-family building, and separate garage facilities.
Where is this mixed-use property located?
The property is located at 208 Wright Avenue Lebanon, OH.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Two‑building offering with an estimated 11,242 SF combined; One building has approximately 11,000 SF above grade plus a basement; Second‑floor area was intended for loft apartments and remains unfinished
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