Prime Commercial Location on SR
392 SR 7, Gallipolis, OH 45631
For Sale
$699,900
Commercial Building, Gallipolis, OH
Property Size2,268 SF
Lot Size1.00 Acre
Price / SF$308.60
Days on Market208
Property Features for 392 SR 7
General Information
Property type
Property subtype
Zoning
Interior features
Lot features
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Cooling system
Building Details
Year built
Roof type
Listing Agency:
Wiseman Real Estate
Listed By:
Melissa Bowman · License #SAL.2018003481
(740) 446-3644
Added: Apr 14
Changed: Nov 7
Last Checked: Nov 7 at 8:06AM
MLS# 2434283
Copyright © 2026 Athens County 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.
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Investment Insights
Based on property information with market context.
This commercial property features road frontage along SR 7, adjacent to the Silver Memorial Bridge and SR 35. The property includes approximately 181 feet of road frontage in a high-traffic area, with a recent traffic count of 27,000 vehicles daily. The property is versatile and suitable for numerous uses, including restaurants, retail, and various business operations. Its proximity, just 20 minutes from Nucor Steel of West Virginia, enhances its appeal for commercial or industrial purposes. The property includes a 2,200 square foot building that was formerly used for retail and could be restored to meet business needs with some renovation. Available utilities on site include AEP Electricity and City Water & Sewer. The property is located in Gallipolis, OH, in Gallia County. The lot size is 1 acre. The condition of the HVAC system is unknown.
Key Highlights
- High‑traffic location with 181 feet of road frontage on SR 7, adjacent to the Silver Memorial Bridge and SR 35, with 27,000 vehicles daily.
- Versatile property suitable for restaurants, retail, and various business operations.
- Proximity to Nucor Steel of West Virginia (20 minutes away) enhances appeal for commercial/industrial use.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,826
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$556,520
$556.5K
Cap Rate 7%
$397,514
$397.5K
Cap Rate 9%
$309,178
$309.2K
Market Conditions
NOI Build-Up for 2,268 SF
Gross rent
$38.6K $17.04/SF
− Vacancy
−$1.5K −$0.68/SF
EGI
$37.1K $16.36/SF
− OpEx
−$9.3K −$4.09/SF
NOI
$27.8K $12.27/SF
Area
Gallia County, OH
Vacancy
4.00%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$556,520
Cap Rate 7%
$397,514
Cap Rate 9%
$309,178
Alternative Uses
Best Use
Specialty Retail
$397.5K
$347.8K – $463.8K
NOI $27,826 @ 7.0% cap · market cap 3.98%
Second Best
Office B
$397.2K
$347.6K – $463.4K
NOI $27,805 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$456.8K
$399.7K – $533.0K
NOI $31,978 @ 7.0% cap · market cap 4.57%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
182
Businesses Nearby
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Business Placement
Demographics for 45631, OH
14,200
Population
6,328
Households
2.2
Avg Household Size
43
Median Age
19%
College-Educated
87%
High-School Grad
114.6 sq mi
ZIP Area
124
Density / Sq Mi
$54,772
Median Household Income
$36,382
Median Earnings
$807
Median Rent
$138,700
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - High-traffic location suitable for retail, restaurant, or business operations.
Where is this retail space located?
The property is located at 392 SR 7 Gallipolis, OH.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: High‑traffic location with 181 feet of road frontage on SR 7, adjacent to the Silver Memorial Bridge and SR 35, with 27,000 vehicles daily.; Versatile property suitable for restaurants, retail, and various business operations.; Proximity to Nucor Steel of West Virginia (20 minutes away) enhances appeal for commercial/industrial use.
