Lithopolis Commercial Property For
240 W Columbus Street Lithopolis, OH 43136
For Sale
Contact for pricing
Pending
High-visibility commercial property in downtown Lithopolis, suitable for automotive or retail.
Property Size9,608 SF
Lot Size1.35 Acres
Days on Market130
Property Features for 240 W Columbus Street
General Information
Standard status
Pending
Size
9,608 SF
Lot size
1.35 Acres
Property subtype
Retail
Building Details
Year Built
1951
Listing Agency:
BARTLETT BENNER REALTY
(614) 530-1885
Listed By:
Nicholas Bartlett · License #2016002097
Source:
Crexi
Added: Mar 22
Changed: Jul 10
Last Checked: Jul 27 at 12:29AM
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 BARTLETT BENNER REALTY
Investment Insights
Based on property information with market context.
Located in downtown Lithopolis along the main corridor, this commercial property offers high visibility. Previously an auto mechanic and repair shop, the site is suitable for continued automotive use or redevelopment into retail, service, or mixed-use concepts. The property is situated on approximately 1.35 acres and features over 9,000 square feet of space across multiple structures. The expansive lot allows for ample parking, outdoor storage, or future expansion. The property offers the size, location, and exposure to support a wide range of opportunities.
Key Highlights
- High‑visibility location on the main corridor in downtown Lithopolis
- Large 1.35‑acre lot suitable for ample parking, outdoor storage, or future expansion
- Over 9,000 +/- square feet of space across multiple structures, offering flexibility
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 | $54.8k | $5.70 |
| − Vacancy | −$2.0k | −$0.20 |
| EGI | $52.8k | $5.50 |
| − OpEx | −$15.8k | −$1.65 |
| NOI | $37.0k | $3.85 |
9,608 SF · lease $5.70/SF/yr · vacancy 3.58% · expense 30.00%
Alternative Uses
Best Use
Industrial
$1.59M
$1.40M – $1.86M
NOI $111,634 @ 7.0% cap · market cap 18.61%
Second Best
Retail
$528.0K
$462.0K – $616.1K
NOI $36,963 @ 7.0% cap · market cap 6.16%
Theoretical Best
Warehouse
$1.94M
$1.69M – $2.26M
NOI $135,556 @ 7.0% cap · market cap 22.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Polkat's Heavy-Duty Mobile Diesel Mechanic — E Columbus St, Lithopolis, OH 43136
- Long's Towing — 183 W Columbus St, Lithopolis, OH 43136
Frequently Asked Questions
What type of property is this?
Auto shop - High-visibility commercial property in downtown Lithopolis, suitable for automotive or retail.
Where is this auto shop located?
The property is located at 240 W Columbus Street Lithopolis, OH.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: High‑visibility location on the main corridor in downtown Lithopolis; Large 1.35‑acre lot suitable for ample parking, outdoor storage, or future expansion; Over 9,000 +/- square feet of space across multiple structures, offering flexibility
