259 State Street, Proctorville, OH 45669

Building Details

Building Size 11,000 SF More

Year Built 2001 More

Listing Agency: Redd, Brown and Williams i***@bhgrec.omc Show Phone

Listed By: Joshua McGrath · License #WV0007862 Show Phone

Source: Kimberlysrealtycorp

Added: Mar 9 Changed: Nov 4 Last Checked: Nov 7 at 3:33AM

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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 Redd, Brown and Williams

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Investment Insights

Based on property information with market context.

Built in 2001, this 11,000-square-foot drugstore includes a drive-through window and an in-store clinic. These features provide distinct customer service components within the property.

Key Highlights

• 11,000‑square‑foot drugstore
• Drive‑through window
• In‑store clinic

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$46,773

Cap Rate

6.04%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$935,460 $935.5K

Cap Rate 7%

$668,186 $668.2K

Cap Rate 9%

$519,700 $519.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 11,000 SF

Gross rent

$64.7K $5.88/SF

− Vacancy

−$2.3K −$0.21/SF

EGI

$62.4K $5.67/SF

− OpEx

−$15.6K −$1.42/SF

NOI

$46.8K $4.25/SF

Area

Lawrence County, OH

Vacancy

3.58%

Lease Rate

$5.88 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$935,460

Cap Rate 7%

$668,186

Cap Rate 9%

$519,700

Alternative Uses

Best Use

Specialty Retail

$668.2K

$584.7K – $779.6K (±1% cap)

NOI $46,773 @ 7.0% cap · market cap 6.04%

Second Best

Retail

$607.0K

$531.1K – $708.2K (±1% cap)

NOI $42,489 @ 7.0% cap · market cap 5.48%

Theoretical Best

Office A

$2.50M

$2.19M – $2.92M (±1% cap)

NOI $175,275 @ 7.0% cap · market cap 22.62%

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

Amy L. Floyd, ... Pharmacy Chad Stockham, RPH Pharmacy Fruth Pharmacy Pharmacy Western Union Bank Ashley A. Houvouras, Pharm Pharmacy

Suggested Use

Top Pick Dental Office HVAC Service Electrical Service Grocery & Convenience Store Kitchen & Bath Showroom Bakery

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

Location Intelligence

Trade Area within ½ mile

275

Businesses Nearby

88k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 40% Shops & Services 34% Groceries 23% Home Improvements & Furnishings 4%

McDonald's Dining

22,419 visits/mo 0.4 miles

Kroger Groceries

20,100 visits/mo 0.3 miles

Speedway Shops & Services

12,197 visits/mo 0.2 miles

Wendy's Dining

10,424 visits/mo 0.3 miles

Dollar General Shops & Services

7,877 visits/mo 0.3 miles

Demographics for 45669, OH

10,223

Population

4,724

Households

2.2

Avg Household Size

45

Median Age

22%

College-Educated

95%

High-School Grad

35.7 sq mi

ZIP Area

286

Density / Sq Mi

$65,824

Median Household Income

$42,846

Median Earnings

$953

Median Rent

$179,000

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Similar For Sale Nearby

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Retail Investment Opportunity in Proctorville

7550 County Rd 107, Proctorville, OH

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8,048 SF

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Church Facility with Kitchen

36 Township Road 1204, Proctorville, OH 45669

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Similar Off Market Nearby

• Dennis P. Mceldowney, RPH — 527 31st St, Huntington, WV 25702
• Thomas Shay — 6306 County Rd 107, Proctorville, OH 456698868
• Kroger Pharmacy — 6306 County Rd 107, Proctorville, OH 45669
• Philip Isgett — 6306 County Rd 107, Proctorville, OH 456698868
• Amy L. Floyd, RPh — 259 State St, Proctorville, OH 45669

Frequently Asked Questions

What type of property is this?

Drug store - An in-store clinic is incorporated into the property.

Where is this drug store located?

The property is located at 259 State Street Proctorville, OH.

What is the asking price?

The asking price for this property is $775,000.

What are key features of this property?

This property features: 11,000‑square‑foot drugstore; Drive‑through window; In‑store clinic