Mixed-Use Property with Retail
8724 US Highway 68 N, West Liberty, OH 43357
For Sale
$875,000
Commercial Sale, West Liberty, OH
Property Size10,136 SF
Lot Size2.47 Acres
Price / SF$86.33
Days on Market242
Property Features for 8724 US Highway 68 N
General Information
Property type
Property subtype
Zoning description
Parking
Parking features
Basement
Appliances
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Mixed-Use Components
Taxes and HOA fees
Tax Year
Utilities
Utilities
Sewer type
Heating system
Water source
Building Details
Year built
Building materials
Architectural style
Listing Agency:
Royer Realty LLC
Listed By:
Bryn Daring-Stewart · License #2012000044
(937) 592-7653
Added: Mar 12
Changed: Oct 24
Last Checked: Nov 8 at 12:06AM
MLS# 1044268
Copyright © 2026 Western Regional Information System & Technology, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
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This 2.47-acre mixed-use property includes 10,136 square feet of improvements, anchored by a 6,992+/- square-foot retail barn and a 960-square-foot commercial storefront addition. The barn includes retail space, a half bath, pellet stove, heat pump, walkout upper level, work room, washtub, and foam insulation. The addition has its own entrance and designated parking. The barn roof was seal-coated in 2021, and business inventory is excluded from the sale.
Two residences add additional functionality. Home One is a two-bedroom, two-bath modular built in 1995 with updated flooring, paint, kitchen appliances from 2023, a laundry room, covered back porch, fenced yard, and private main-suite bath. Home Two is a two-bedroom, two-bath manufactured home built in 1982 with updated windows, pantry, propane furnace, and front and back porches. The property has blacktop and gravel parking for approximately 20+ vehicles, a storage shed, propane service, well water, and septic. It is zoned B-1 and located in Salem Township within the West Liberty-Salem School District.
Two residences add additional functionality. Home One is a two-bedroom, two-bath modular built in 1995 with updated flooring, paint, kitchen appliances from 2023, a laundry room, covered back porch, fenced yard, and private main-suite bath. Home Two is a two-bedroom, two-bath manufactured home built in 1982 with updated windows, pantry, propane furnace, and front and back porches. The property has blacktop and gravel parking for approximately 20+ vehicles, a storage shed, propane service, well water, and septic. It is zoned B-1 and located in Salem Township within the West Liberty-Salem School District.
Key Highlights
- 2.47‑acre mixed‑use property with 10,136 square feet of improvements
- 6,992+/- SF retail barn plus 960‑square‑foot commercial storefront addition
- Two 2‑bedroom, 2‑bath residences built in 1995 and 1982
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,034
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$860,680
$860.7K
Cap Rate 7%
$614,771
$614.8K
Cap Rate 9%
$478,156
$478.2K
Market Conditions
NOI Build-Up for 10,136 SF
Gross rent
$65.7K $6.48/SF
− Vacancy
−$4.2K −$0.41/SF
EGI
$61.5K $6.07/SF
− OpEx
−$18.4K −$1.82/SF
NOI
$43.0K $4.25/SF
Area
Butler County, OH
Vacancy
6.40%
Lease Rate
$6.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$860,680
Cap Rate 7%
$614,771
Cap Rate 9%
$478,156
Alternative Uses
Best Use
Office B
$1.65M
$1.44M – $1.92M
NOI $115,435 @ 7.0% cap · market cap 13.19%
Second Best
Retail
$614.8K
$537.9K – $717.2K
NOI $43,034 @ 7.0% cap · market cap 4.92%
Theoretical Best
Office A
$2.00M
$1.75M – $2.34M
NOI $140,286 @ 7.0% cap · market cap 16.03%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
14
Businesses Nearby
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Business Placement
Demographics for 43357, OH
4,848
Population
1,732
Households
2.8
Avg Household Size
45
Median Age
24%
College-Educated
93%
High-School Grad
68.0 sq mi
ZIP Area
71
Density / Sq Mi
$86,392
Median Household Income
$48,419
Median Earnings
$687
Median Rent
$215,400
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial property combines retail improvements, two residences, parking, and a flexible live-work configuration.
Where is this mixed-use property located?
The property is located at 8724 US Highway 68 N West Liberty, OH.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 2.47‑acre mixed‑use property with 10,136 square feet of improvements; 6,992+/- SF retail barn plus 960‑square‑foot commercial storefront addition; Two 2‑bedroom, 2‑bath residences built in 1995 and 1982
