Mixed-Use Building with Retail
70-72 S Main St, Johnstown, OH 43031
For Sale
Contact for pricing
The second floor is furnished for residential occupancy above flexible first-floor retail space.
Property Size6,678 SF
Price / SF$434.26
Days on Market13
Property Features for 70-72 S Main St
General Information
Standard status
Size
Property subtype
Additional Details
Mixed-Use Components
Building Details
Stories
Listing Agency:
Hanna Commercial Real Estate | Central Ohio
(614) 888-3456
Listed By:
Scott Hrabcak · License #354109
(614) 906-2225
Source:
Moodyscre
Added: Oct 28
Changed: Nov 8
Last Checked: Nov 8 at 4:51PM
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 Hanna Commercial Real Estate | Central Ohio
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 6,678-square-foot mixed-use property combines first-floor retail space with a furnished residential level above. The upper floor has residential finishes and is prepared for occupancy, while the ground-level space is suited to retail or alternative commercial uses.
The property is at 70-72 S Main St in Johnstown, Ohio.
The property is at 70-72 S Main St in Johnstown, Ohio.
Key Highlights
- 6,678‑square‑foot mixed‑use property
- Furnished second‑floor residential space prepared for occupancy
- First‑floor retail space supports retail or alternative uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$121,696
Cap Rate
4.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,433,920
$2.4M
Cap Rate 7%
$1,738,514
$1.7M
Cap Rate 9%
$1,352,178
$1.4M
Market Conditions
NOI Build-Up for 6,678 SF
Gross rent
$180.3K $27.00/SF
− Vacancy
−$6.5K −$0.97/SF
EGI
$173.9K $26.03/SF
− OpEx
−$52.2K −$7.81/SF
NOI
$121.7K $18.22/SF
Area
Licking County, OH
Vacancy
3.58%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,433,920
Cap Rate 7%
$1,738,514
Cap Rate 9%
$1,352,178
Alternative Uses
Best Use
Retail
$1.74M
$1.52M – $2.03M
NOI $121,696 @ 7.0% cap · market cap 4.20%
Second Best
Mixed Use
$1.55M
$1.36M – $1.81M
NOI $108,657 @ 7.0% cap · market cap 3.75%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
337
Businesses Nearby
Explore this area
Business Placement
Demographics for 43031, OH
13,189
Population
5,240
Households
2.5
Avg Household Size
42
Median Age
41%
College-Educated
97%
High-School Grad
85.0 sq mi
ZIP Area
155
Density / Sq Mi
$109,652
Median Household Income
$58,405
Median Earnings
$1,005
Median Rent
$341,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The second floor is furnished for residential occupancy above flexible first-floor retail space.
Where is this mixed-use property located?
The property is located at 70-72 S Main St Johnstown, OH.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: 6,678‑square‑foot mixed‑use property; Furnished second‑floor residential space prepared for occupancy; First‑floor retail space supports retail or alternative uses
