Corner Gas Station with
760 2nd Ave Gallipolis, OH 45631
760 2nd Ave, Gallipolis, OH, 45631
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For Sale
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Corner gas station property with two rented second-floor apartments and wide-open first-floor space plus off-street parking.
Property Size3,384 SF
Price / SF$73.85
Days on Market181
Property Features for 760 2nd Ave
General Information
- Standard status
- Active
- Size
- 3,384 SF
- Property subtype
- RETAIL
Listing agency
Wiseman Real Estate
(740) 645-6665
Listed by
Joshua Bodimer · License #BRKP.2016000145
(740) 645-6665
Source
Moodyscre
Added: Jan 22 Updated: Jul 22 at 6:22PM Checked: Jul 22 at 6:22PM
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 Wiseman Real Estate
Investment Insights
Based on property information with market context.
This for-sale corner property combines a gas station setting with residential income. The second floor features two rented apartments, currently producing income, while the first floor offers a wide-open layout described as ready for a buyer’s vision. The property totals approximately 3,384 square feet and includes off-street parking onsite.
Located downtown Gallipolis on a corner along the main artery into town from the SR 160 and SR 7 intersection, the site sits on a direct route off US 35. The public remarks note a gas station recently constructed directly across the street.
Located downtown Gallipolis on a corner along the main artery into town from the SR 160 and SR 7 intersection, the site sits on a direct route off US 35. The public remarks note a gas station recently constructed directly across the street.
Key Highlights
- Corner property in Downtown Gallipolis at the intersection of SR 160 and SR 7
- First‑floor space is wide open and ready for buyer vision
- Two rented second‑floor apartments with existing rental income
Local Financial Insights For Apartment 5plus
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 | $40.6k | $12.00 |
| − Vacancy | −$1.7k | −$0.50 |
| EGI | $38.9k | $11.50 |
| − OpEx | −$17.5k | −$5.17 |
| NOI | $21.4k | $6.32 |
3,384 SF · lease $12.00/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Uses
Best Use
Specialty Retail
$593.1K
$519.0K – $692.0K
NOI $41,518 @ 7.0% cap · market cap 16.61%
Second Best
Retail
$556.0K
$486.5K – $648.7K
NOI $38,919 @ 7.0% cap · market cap 15.57%
Theoretical Best
Office A
$681.6K
$596.4K – $795.2K
NOI $47,714 @ 7.0% cap · market cap 19.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Gas stations
Similar For Sale Nearby
FAQs
What type of property is this?
Gas station - Corner gas station property with two rented second-floor apartments and wide-open first-floor space plus off-street parking.
Where is this gas station located?
The property is located at 760 2nd Ave Gallipolis, OH.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Corner property in Downtown Gallipolis at the intersection of SR 160 and SR 7; First‑floor space is wide open and ready for buyer vision; Two rented second‑floor apartments with existing rental income
