Corner Retail Storefront
For Sale
Contact for pricing
654 S Zane Hwy, Martins Ferry, OH 43935
Corner commercial storefront on S Zane Highway with ODOT-recorded traffic of 2,954 vehicles per day.
Property Size900 SF
Price / SF$27.78
Days on Market99
Property Features for 654 S Zane Hwy
General Information
Standard status
Active
Size
900 SF
Additional Details
Traffic Count
2,954 vehicles/day
Building Details
Year Built
1900
Year Renovated
1988
Listing Agency:
Sulek & Experts Real Estate
Listed By:
Alisa R Hilt
(740) 359-5619
Source:
Theacclaimedrealty
Added: Jul 17
Changed: Oct 11
Last Checked: Oct 7 at 5:25PM
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 Sulek & Experts Real Estate
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Investment Insights
Based on property information with market context.
Located at 654 S Zane Hwy in Martins Ferry, this corner commercial storefront building was built in 1900 and renovated in 1988. It previously operated as a hair salon and later served as a photography studio. The property is currently in need of some TLC, offering buyers and tenants an opportunity to update and repurpose the space.
Per ODOT 2024 records, 2,954 vehicles per day drive directly past the building. The property sits on a corner lot with visibility reported over a block away, and it is located on a public transportation bus line.
A restrictive covenant is in place prohibiting the building from being used as a beauty salon or any similar personal grooming or cosmetology service-type business.
Per ODOT 2024 records, 2,954 vehicles per day drive directly past the building. The property sits on a corner lot with visibility reported over a block away, and it is located on a public transportation bus line.
A restrictive covenant is in place prohibiting the building from being used as a beauty salon or any similar personal grooming or cosmetology service-type business.
Key Highlights
- Corner commercial storefront on S Zane Highway.
- Built in 1900 and renovated in 1988 (previously used as a hair salon).
- ODOT 2024 records show 2,954 vehicles per day passing the property.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,677
Suggested Prices Based on Cap Rates
Cap Rate 5%
$133,540
$133.5K
Cap Rate 7%
$95,386
$95.4K
Cap Rate 9%
$74,189
$74.2K
Market Conditions
NOI Build-Up for 900 SF
Gross rent
$9.9K $11.04/SF
− Vacancy
−$397 −$0.44/SF
EGI
$9.5K $10.60/SF
− OpEx
−$2.9K −$3.18/SF
NOI
$6.7K $7.42/SF
Area
Belmont County, OH
Vacancy
4.00%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$133,540
Cap Rate 7%
$95,386
Cap Rate 9%
$74,189
Alternative Uses
Best Use
Retail
$95.4K
$83.5K – $111.3K
NOI $6,677 @ 7.0% cap · market cap 26.71%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$176.4K
$154.4K – $205.8K
NOI $12,350 @ 7.0% cap · market cap 49.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
2,954 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
396
Businesses Nearby
39k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 53%
Shops & Services 47%
Kroger
Groceries
20,414 visits/mo
0.4 miles
Dollar General
Shops & Services
10,390 visits/mo
0.5 miles
Dollar Tree
Shops & Services
7,950 visits/mo
0.3 miles
Demographics for 43935, OH
7,968
Population
4,130
Households
1.9
Avg Household Size
42
Median Age
13%
College-Educated
92%
High-School Grad
19.3 sq mi
ZIP Area
413
Density / Sq Mi
$50,109
Median Household Income
$28,726
Median Earnings
$822
Median Rent
$101,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Kroger Floral — 400 Aetna St, Martins Ferry, OH 43935
- Ferry Flowers & More — 410 Walnut St, Martins Ferry, OH 43935
- The Wishing Well — 90 N 4th St, Martins Ferry, OH 43935
Frequently Asked Questions
What type of property is this?
Storefront property - Corner commercial storefront on S Zane Highway with ODOT-recorded traffic of 2,954 vehicles per day.
Where is this storefront property located?
The property is located at 654 S Zane Hwy Martins Ferry, OH.
What are key features of this property?
This property features: Corner commercial storefront on S Zane Highway.; Built in 1900 and renovated in 1988 (previously used as a hair salon).; ODOT 2024 records show 2,954 vehicles per day passing the property.
