Back to Search
Unique Commercial Property with Character

4 Oakwood Avenue Lebanon, OH 45036

4 Oakwood Avenue, Lebanon, OH, 45036
Contact for pricing
For Sale
Claim this Listing
Contact for pricing

Versatile commercial property with high visibility and adaptive reuse potential.

Property Size2,100 SF
Price / SF$111.90
AddedMay 16
Days on Market61
Last RefreshJul 4 at 1:47 pm

Property Features for 4 Oakwood Avenue

General Information

Standard status
Active
Size
2,100 SF
Property subtype
Land

Building Details

Year Built
1951

Listing office Keller Williams Advisors Realty

Listing date May 16, 2026

Source Crexi

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 Keller Williams Advisors Realty


Investment Insights

Based on property information with market context.

This architecturally unique commercial property offers a blend of character and visibility, presenting a rare opportunity with endless potential. The building features a large covered front porch and a flexible, open-concept layout, complemented by private offices and basement space. Dedicated parking is available. The property's adaptive reuse possibilities make it ideal for a variety of businesses, including a café, boutique office, salon, creative studio, wellness business, insurance office, retail concept, or mixed-use vision. The location offers high visibility and strong curb appeal, blending historic charm with modern business potential. Currently being repositioned, the 2100 square foot property offers buyers the opportunity to customize the space to fit their specific needs.

Key Highlights

  • High visibility location with strong curb appeal.
  • Flexible, open‑concept layout suitable for diverse business types.
  • Dedicated parking.

Local 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 $31.5k $15.00
− Vacancy −$2.2k −$1.05
EGI $29.3k $13.95
− OpEx −$8.8k −$4.19
NOI $20.5k $9.76
2,100 SF · lease $15.00/SF/yr · vacancy 7.00% · expense 30.00%

Alternative Uses

Best Use
Retail
$293.0K
$256.3K – $341.8K (±1% cap)
NOI $20,507 @ 7.0% cap · market cap 8.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$469.1K
$410.4K – $547.3K (±1% cap)
NOI $32,835 @ 7.0% cap · market cap 13.97%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Parking Lot & Garage Big Box & Wholesale Store Locksmith (Bike/Boat/Book/etc) Store Catering Service (Bike/Boat/Book/etc) Store Tanning Salon Bakery Tech Support Center Pet Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Retail space - Versatile commercial property with high visibility and adaptive reuse potential.
Where is this retail space located?
The property is located at 4 Oakwood Avenue Lebanon, OH.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: High visibility location with strong curb appeal.; Flexible, open‑concept layout suitable for diverse business types.; Dedicated parking.
Contact an agent
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message