Highway-Service Gas Station
For Sale
$225,000
411 East Main Street, Ashland, OH 44085
Existing commercial building with convenience-store layout near CVS, Huntington, and YMCA anchors.
Property Size1,916 SF
Days on Market73
Property Features for 411 East Main Street
General Information
Standard status
Active
Size
1,916 SF
Property subtype
10/19/2026
Building Details
Building Size
1,916 SF
Listed By:
James Lewis
(314) 391-2757
Source:
Cushmanwakefield
Added: Aug 17
Changed: Oct 25
Last Checked: Oct 28 at 5:20AM
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 James Lewis
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Investment Insights
Based on property information with market context.
This gas station and convenience-store property includes an existing approximately 1,916-square-foot building on 0.35 acre. Constructed in 1963, the property is zoned B-3 Highway Service District, supporting its established commercial orientation.
The site is positioned along E Main Street, also identified as OH-96, at Eastern Ave in Ashland, Ohio. Adjacent commercial and community destinations include CVS, Huntington, and YMCA. The property address is 411 E Main St, Ashland, OH 44805.
The site is positioned along E Main Street, also identified as OH-96, at Eastern Ave in Ashland, Ohio. Adjacent commercial and community destinations include CVS, Huntington, and YMCA. The property address is 411 E Main St, Ashland, OH 44805.
Key Highlights
- Approximately 1,916 SF existing building
- 0.35‑acre commercial site
- Zoned B‑3 Highway Service District
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,328
Cap Rate
8.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$386,560
$386.6K
Cap Rate 7%
$276,114
$276.1K
Cap Rate 9%
$214,756
$214.8K
Market Conditions
NOI Build-Up for 1,916 SF
Gross rent
$26.9K $14.04/SF
− Vacancy
−$1.1K −$0.59/SF
EGI
$25.8K $13.45/SF
− OpEx
−$6.4K −$3.36/SF
NOI
$19.3K $10.09/SF
Area
Ashtabula County, OH
Vacancy
4.20%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$386,560
Cap Rate 7%
$276,114
Cap Rate 9%
$214,756
Alternative Uses
Best Use
Retail
$335.9K
$293.9K – $391.9K
NOI $23,514 @ 7.0% cap · market cap 10.45%
Second Best
Specialty Retail
$276.1K
$241.6K – $322.1K
NOI $19,328 @ 7.0% cap · market cap 8.59%
Theoretical Best
Office A
$357.0K
$312.4K – $416.6K
NOI $24,993 @ 7.0% cap · market cap 11.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
642
Businesses Nearby
55k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 86%
Groceries 13%
Home Improvements & Furnishings 2%
BP
Shops & Services
11,648 visits/mo
0.3 miles
Dollar General
Shops & Services
7,497 visits/mo
0.5 miles
Huntington Bank
Shops & Services
7,404 visits/mo
0.1 miles
Circle K
Shops & Services
7,307 visits/mo
0.1 miles
Save-A-Lot
Groceries
6,991 visits/mo
0.4 miles
Demographics for 44085, OH
3,232
Population
1,422
Households
2.3
Avg Household Size
41
Median Age
17%
College-Educated
87%
High-School Grad
50.0 sq mi
ZIP Area
65
Density / Sq Mi
$65,750
Median Household Income
$49,461
Median Earnings
$797
Median Rent
$161,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Gas station - Existing commercial building with convenience-store layout near CVS, Huntington, and YMCA anchors.
Where is this gas station located?
The property is located at 411 East Main Street Ashland, OH.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Approximately 1,916 SF existing building; 0.35‑acre commercial site; Zoned B‑3 Highway Service District
