Building Details

Year built 2001

Building materials Block/Concrete

Roof type Rubber, Metal

Listing Agency: Better Homes & Gardens Real Estate Redd, Brown, & Williams Show Phone

Listed By: Josh McGrath Show Phone

Added: Feb 23 Changed: Oct 10 Last Checked: Oct 10 at 3:06PM

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MLS# 183190

Copyright © 2026 Huntington Board of Realtors. 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 freestanding storefront property provides approximately 11,000 square feet of commercial space on a 0.97-acre parcel. The building was constructed in 2001 with block and concrete materials, offering a durable commercial structure for continued retail or other storefront-oriented use.

Located at 259 State Street in Proctorville, Ohio, the property includes central heating powered by natural gas and central air conditioning. Roofing consists of metal and rubber systems, adding to the building’s established physical improvements.

Key Highlights

• Approximately 11,000 square feet of commercial space
• 0.97‑acre parcel at 259 State Street, Proctorville, OH 45699
• Constructed in 2001 with block and concrete materials

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$42,489

Cap Rate

5.86%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$849,780 $849.8K

Cap Rate 7%

$606,986 $607.0K

Cap Rate 9%

$472,100 $472.1K

Market Conditions

NOI Build-Up for 11,000 SF

Gross rent

$63.4K $5.76/SF

− Vacancy

−$2.7K −$0.24/SF

EGI

$60.7K $5.52/SF

− OpEx

−$18.2K −$1.66/SF

NOI

$42.5K $3.86/SF

Area

Lawrence County, OH

Vacancy

4.20%

Lease Rate

$5.76 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$849,780

Cap Rate 7%

$606,986

Cap Rate 9%

$472,100

Alternative Uses

Best Use

Retail

$607.0K

$531.1K – $708.2K (±1% cap)

NOI $42,489 @ 7.0% cap · market cap 5.86%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.50M

$2.19M – $2.92M (±1% cap)

NOI $175,275 @ 7.0% cap · market cap 24.18%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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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

Balanced

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 45699, OH

1,236

Population

2

Households

618

Avg Household Size

31

Median Age

63%

High-School Grad

0.3 sq mi

ZIP Area

4,120

Density / Sq Mi

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this storefront properties located? What is the asking price? Find similar properties What are key features of this property?

Similar Off Market Nearby

• Kroger Floral — 214 Lawrence St, Proctorville, OH 45669

Frequently Asked Questions

What type of property is this?

Storefront property - Commercial storefront with substantial interior space and central heating and cooling.

Where is this storefront property located?

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

What is the asking price?

The asking price for this property is $725,000.

What are key features of this property?

This property features: Approximately 11,000 square feet of commercial space; 0.97‑acre parcel at 259 State Street, Proctorville, OH 45699; Constructed in 2001 with block and concrete materials