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Live-Work Property with Workshop
For Sale
$76,000

5755 St Rt 139, Lucasville, OH 45648

Commercial Sale, Lucasville, OH

Property Size1,350 SF
Lot Size0.33 Acres
Price / SF$56.30
Days on Market73

Property Features for 5755 St Rt 139

General Information

Property type Commercial Sale
Property subtype Other
Zoning 429 Ot Retail
Subdivision Clay
Standard status Active
APN 05-1982.000
Size 1,350 SF
Lot size 0.33 Acres

Taxes and HOA fees

Tax Description SOMMERS S. D. WHOLE 50 X 288 LOT 31 MAP 07-001 575
Tax Annual Amount 662
Legal Description SOMMERS S. D. WHOLE 50 X 288 LOT 31 MAP 07-001 575

Utilities

Sewer type Public Sewer
Heating system Wood, Electric (Heating)

Amenities

gated arched Mediterranean entryway
covered porch
reception area
galley kitchen
private bath
wood burner
2 bay garage or workshop

Building Details

Year built 1957
Flooring type Concrete
Roof type Metal
Listing Agency: REAL ESTATE GALLERY, INC.
Listed By: Wyatt Bates
Added: Jul 27 Changed: Sep 28 Last Checked: Oct 7 at 1:06AM
MLS# 155723

Copyright © 2026 Greater Portsmouth Area Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 1,350-square-foot live-work property, built in 1957, combines a finished office or residential section with a practical workshop area. The front portion includes reception space, an open office or living and dining area, a galley kitchen, a private bathroom, and additional storage or flex space. The balance of the building provides a two-bay garage or studio layout that runs from the front to the rear and includes support columns. Electric and wood heat serve the building, with concrete flooring, a metal roof, and public sewer.

A gated arched entry and covered porch introduce the property, while the rear offers a level 0.326-acre lot. The building is located at 5755 St Rt 139 in Lucasville, Ohio, and is identified with 429 Ot Retail zoning.

Key Highlights

  • 1,350 SF live‑work building on a 0.326‑acre lot
  • Two‑bay garage or workshop extending from front to rear
  • Office or residential area with reception space, galley kitchen, private bath, and storage

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$5,795
Cap Rate
7.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$115,900 $115.9K
Cap Rate 7%
$82,786 $82.8K
Cap Rate 9%
$64,389 $64.4K
Market Conditions
NOI Build-Up for 1,350 SF
Gross rent
$8.6K $6.36/SF
− Vacancy
−$307 −$0.23/SF
EGI
$8.3K $6.13/SF
− OpEx
−$2.5K −$1.84/SF
NOI
$5.8K $4.29/SF
Area
Scioto County, OH
Vacancy
3.58%
Lease Rate
$6.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$115,900
Cap Rate 7%
$82,786
Cap Rate 9%
$64,389

Alternative Uses

Best Use
Office B
$236.4K
$206.9K – $275.9K (±1% cap)
NOI $16,551 @ 7.0% cap · market cap 21.78%
Second Best
Retail
$82.8K
$72.4K – $96.6K (±1% cap)
NOI $5,795 @ 7.0% cap · market cap 7.63%
Theoretical Best
Office A
$287.3K
$251.4K – $335.2K (±1% cap)
NOI $20,110 @ 7.0% cap · market cap 26.46%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Live-work space

Lease Details

2
Service bays
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

Demographics for 45648, OH

11,211
Population
4,834
Households
2.3
Avg Household Size
43
Median Age
18%
College-Educated
88%
High-School Grad
139.5 sq mi
ZIP Area
80
Density / Sq Mi
$69,065
Median Household Income
$41,591
Median Earnings
$849
Median Rent
$154,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Live-work space - Flexible interior combines office or residential space with an open garage area.
Where is this live-work space located?
The property is located at 5755 St Rt 139 Lucasville, OH.
What is the asking price?
The asking price for this property is $76,000.
What are key features of this property?
This property features: 1,350 SF live‑work building on a 0.326‑acre lot; Two‑bay garage or workshop extending from front to rear; Office or residential area with reception space, galley kitchen, private bath, and storage
More about this property
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