Retail Space with Two Overhead
2419 E High St, Springfield, OH 45505
For Sale
Contact for pricing
Zoned CC-2 with freshly painted interior, new flooring, and two large overhead bays for versatile retail use.
Property Size4,000 SF
Price / SF$68.75
Days on Market724
Property Features for 2419 E High St
General Information
Standard status
Size
Property subtype
Zoning
Listing Agency:
Coldwell Banker - Heritage
(513) 932-3948
Listed By:
Matthew W Taylor · License #2014005287
(937) 429-4500
Source:
Moodyscre
Added: Nov 14, 2024
Changed: Oct 26
Last Checked: Nov 6 at 11:28AM
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 Coldwell Banker - Heritage
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Investment Insights
Based on property information with market context.
This 4,000 square foot retail space at 2419 E High St, Springfield, OH 45505 is zoned CC-2 (Community Commercial District), offering flexible options for retail, service, or community-oriented business uses. The building has been freshly painted and upgraded with new flooring throughout, and it includes two large overhead bays.
The property is positioned for visibility on a major thoroughfare, with over 5,500 cars driving by every day. For tenants or owners seeking a storefront with strong drive-by exposure and adaptable space, the combination of recent interior updates and overhead-bay access is well suited for a range of commercial concepts.
The property is positioned for visibility on a major thoroughfare, with over 5,500 cars driving by every day. For tenants or owners seeking a storefront with strong drive-by exposure and adaptable space, the combination of recent interior updates and overhead-bay access is well suited for a range of commercial concepts.
Key Highlights
- 4,000 square foot retail space zoned CC‑2 (Community Commercial District)
- Two large overhead bays
- Freshly painted interior with new flooring throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,659
Cap Rate
5.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$313,180
$313.2K
Cap Rate 7%
$223,700
$223.7K
Cap Rate 9%
$173,989
$174.0K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$23.2K $5.80/SF
− Vacancy
−$831 −$0.21/SF
EGI
$22.4K $5.59/SF
− OpEx
−$6.7K −$1.68/SF
NOI
$15.7K $3.91/SF
Area
Clark County, OH
Vacancy
3.58%
Lease Rate
$5.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$313,180
Cap Rate 7%
$223,700
Cap Rate 9%
$173,989
Alternative Uses
Best Use
Retail
$223.7K
$195.7K – $261.0K
NOI $15,659 @ 7.0% cap · market cap 5.69%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.12M
$976.3K – $1.30M
NOI $78,100 @ 7.0% cap · market cap 28.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
638
Businesses Nearby
251k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Shops & Services 27%
Groceries 17%
Home Improvements & Furnishings 3%
Kroger
Groceries
36,695 visits/mo
0.4 miles
McDonald's
Dining
27,189 visits/mo
0.2 miles
Speedway
Shops & Services
19,722 visits/mo
0.4 miles
7 Brew Coffee
Dining
17,549 visits/mo
0.4 miles
Wendy's
Dining
15,570 visits/mo
0.1 miles
Demographics for 45505, OH
19,708
Population
9,365
Households
2.1
Avg Household Size
38
Median Age
10%
College-Educated
84%
High-School Grad
13.6 sq mi
ZIP Area
1,449
Density / Sq Mi
$42,409
Median Household Income
$30,322
Median Earnings
$802
Median Rent
$87,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Zoned CC-2 with freshly painted interior, new flooring, and two large overhead bays for versatile retail use.
Where is this retail space located?
The property is located at 2419 E High St Springfield, OH.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 4,000 square foot retail space zoned CC‑2 (Community Commercial District); Two large overhead bays; Freshly painted interior with new flooring throughout
