Two-Space Storefront
For Sale
Contact for pricing
Pending
32 N Broadway Street, Lebanon, OH 45036
Two occupied retail spaces are complemented by a private office and dedicated rear parking.
Property Size4,560 SF
Days on Market65
Property Features for 32 N Broadway Street
General Information
Standard status
Pending
Size
4,560 SF
Property subtype
Retail
Amenities
dedicated rear parking lot
Building Details
Year Built
1950
Year Renovated
2018
Units
2
Tenancy
Multi
Listing Agency:
The Schueler Group
Listed By:
Danielle Chandler · License #OH 2022004481
Source:
Crexi
Added: Aug 3
Changed: Oct 5
Last Checked: Oct 5 at 7:11PM
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 The Schueler Group
Investment Insights
Based on property information with market context.
This 4,560-square-foot storefront property, built in 1950, contains two retail spaces occupied by established boutique clothing retailers. A private office adds functional support space, while the dedicated rear parking lot provides on-site parking for the property.
The building is situated in Historic Downtown Lebanon, a walkable commercial district with surrounding shops, restaurants, and year-round events. Its existing retail configuration and occupied spaces provide a clear framework for continued commercial use.
The building is situated in Historic Downtown Lebanon, a walkable commercial district with surrounding shops, restaurants, and year-round events. Its existing retail configuration and occupied spaces provide a clear framework for continued commercial use.
Key Highlights
- 4,560‑square‑foot storefront property built in 1950
- Two retail spaces occupied by established boutique clothing retailers
- Private office included within the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,528
Cap Rate
7.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$890,560
$890.6K
Cap Rate 7%
$636,114
$636.1K
Cap Rate 9%
$494,756
$494.8K
Market Conditions
NOI Build-Up for 4,560 SF
Gross rent
$68.4K $15.00/SF
− Vacancy
−$4.8K −$1.05/SF
EGI
$63.6K $13.95/SF
− OpEx
−$19.1K −$4.19/SF
NOI
$44.5K $9.76/SF
Area
Warren County, OH
Vacancy
7.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$890,560
Cap Rate 7%
$636,114
Cap Rate 9%
$494,756
Alternative Uses
Best Use
Retail
$636.1K
$556.6K – $742.1K
NOI $44,528 @ 7.0% cap · market cap 7.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.02M
$891.2K – $1.19M
NOI $71,298 @ 7.0% cap · market cap 11.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
195
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Two occupied retail spaces are complemented by a private office and dedicated rear parking.
Where is this storefront property located?
The property is located at 32 N Broadway Street Lebanon, OH.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 4,560‑square‑foot storefront property built in 1950; Two retail spaces occupied by established boutique clothing retailers; Private office included within the building
