Retail Building with Highway
For Sale
Contact for pricing
392 State Route 7 N, Gallipolis, OH 45631
Retail building on a high-traffic road with 181 feet of frontage, plus AEP electric and city water and sewer on site.
Property Size2,200 SF
Lot Size1.00 Acre
Price / SF$318.14
Days on Market191
Property Features for 392 State Route 7 N
General Information
Standard status
Active
Size
2,200 SF
Lot size
1.00 Acre
Property subtype
LAND
Site & Location
Traffic Count
27,000 vehicles/day
Road Access
Yes
Utilities to Site
Yes
Listing Agency:
Wiseman Real Estate
(740) 794-0915
Listed By:
Missy Bowman · License #2023001867
(740) 794-0915
Source:
Moodyscre
Added: Jan 22
Changed: Jul 26
Last Checked: Jul 31 at 4:48AM
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 Wiseman Real Estate
Investment Insights
Based on property information with market context.
A versatile retail-focused property offering a 2,200-square-foot building that was formerly used for retail, with some renovation and TLC needed to restore it for a new business. The HVAC system condition is unknown.
The property sits along SR 7 with approximately 181 feet of road frontage and is described as adjacent to the Silver Memorial Bridge and SR 35, in a high-traffic area. A recent traffic count of 27,000 vehicles daily is referenced in the available documents.
Utilities available on site include AEP Electricity and City Water & Sewer. Buyers are encouraged to contact the utility companies to verify information.
The property sits along SR 7 with approximately 181 feet of road frontage and is described as adjacent to the Silver Memorial Bridge and SR 35, in a high-traffic area. A recent traffic count of 27,000 vehicles daily is referenced in the available documents.
Utilities available on site include AEP Electricity and City Water & Sewer. Buyers are encouraged to contact the utility companies to verify information.
Key Highlights
- Approx. 181 ft of road frontage along SR 7 near the Silver Memorial Bridge and SR 35
- Recent traffic count of 27,000 vehicles daily (see document section)
- 2,200 SF building formerly used for retail; needs some renovation/TLC, with HVAC condition unknown
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.5k | $17.04 |
| − Vacancy | −$1.3k | −$0.61 |
| EGI | $36.1k | $16.43 |
| − OpEx | −$10.8k | −$4.93 |
| NOI | $25.3k | $11.50 |
2,200 SF · lease $17.04/SF/yr · vacancy 3.58% · expense 30.00%
Alternative Uses
Best Use
Retail
$361.5K
$316.3K – $421.7K
NOI $25,302 @ 7.0% cap · market cap 3.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$443.1K
$387.8K – $517.0K
NOI $31,020 @ 7.0% cap · market cap 4.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
27,000 VPD
Traffic count
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
230
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Retail building on a high-traffic road with 181 feet of frontage, plus AEP electric and city water and sewer on site.
Where is this commercial land located?
The property is located at 392 State Route 7 N 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: Approx. 181 ft of road frontage along SR 7 near the Silver Memorial Bridge and SR 35; Recent traffic count of 27,000 vehicles daily (see document section); 2,200 SF building formerly used for retail; needs some renovation/TLC, with HVAC condition unknown
