Mixed-Use Retail and
8724 Us Highway 68 N West Liberty West Liberty, OH 43357
New
8724 Us Highway 68 N West Liberty, West Liberty, OH, 43357
$875,000
For Sale
$875,000
A B-1 zoned mixed-use parcel with a retail barn, storefront addition, and two residences on US Hwy 68.
Property Size6,992 SF
Lot Size2.47 Acres
Price / SF$125.14
Days on Market4
Property Features for 8724 Us Highway 68 N West Liberty
General Information
- Standard status
- Active
- Size
- 6,992 SF
- Lot size
- 2.47 Acres
Building Details
- Year Built
- 1995
Listing Agency
(614) 660-5959
Listed by
John Stomps
(614) 660-5959
Source
Movenowohio
Added: Jul 14 Checked: Jul 17 at 2:52 am
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 John Stomps
Investment Insights
Based on property information with market context.
This mixed-use property includes a large retail barn plus two additional commercial and residential components. The centerpiece is a 6,992± SF country store barn with retail space, a half bath, pellet stove and heat pump, a walkout upper level, and a work room with washtub and foam insulation. A 960 SF commercial storefront addition was added in 1996 and may function as a separate space with its own entrance and designated parking. The barn roof was seal-coated in 2021.
The property offers parking with blacktop and gravel for approximately 20+ vehicles, along with a storage shed and propane service for the buildings (an owned propane tank plus a buried propane tank that is leased). The residential portion consists of Home One, a 2-bedroom, 2-bath modular built in 1995 with updated flooring, paint, kitchen appliances (2023), laundry room, covered back porch, and a fenced yard, and Home Two, a 2-bedroom, 2-bath manufactured home built in 1982 with updated windows and front and back porches.
The parcel is located in Salem Township and within the West Liberty-Salem School District and is zoned B-1, supporting flexible live/work, small business, and multi-generational residential use.
The property offers parking with blacktop and gravel for approximately 20+ vehicles, along with a storage shed and propane service for the buildings (an owned propane tank plus a buried propane tank that is leased). The residential portion consists of Home One, a 2-bedroom, 2-bath modular built in 1995 with updated flooring, paint, kitchen appliances (2023), laundry room, covered back porch, and a fenced yard, and Home Two, a 2-bedroom, 2-bath manufactured home built in 1982 with updated windows and front and back porches.
The parcel is located in Salem Township and within the West Liberty-Salem School District and is zoned B-1, supporting flexible live/work, small business, and multi-generational residential use.
Key Highlights
- 2.47‑acre mixed‑use property on US Hwy 68 in Salem Township, zoned B‑1
- 6,992 SF retail barn (built 1995) with half bath, pellet stove, heat pump, walkout upper level and foam insulation
- Additional 960 SF commercial storefront added in 1996 with its own entrance and designated parking
Local Financial Insights For Retail
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 | $45.3k | $6.48 |
| − Vacancy | −$2.9k | −$0.41 |
| EGI | $42.4k | $6.07 |
| − OpEx | −$12.7k | −$1.82 |
| NOI | $29.7k | $4.25 |
6,992 SF · lease $6.48/SF/yr · vacancy 6.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$424.1K
$371.1K – $494.8K
NOI $29,686 @ 7.0% cap · market cap 3.39%
Second Best
Mixed Use
$335.5K
$293.6K – $391.4K
NOI $23,486 @ 7.0% cap · market cap 2.68%
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,772 @ 7.0% cap · market cap 11.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Mixed-use property - A B-1 zoned mixed-use parcel with a retail barn, storefront addition, and two residences on US Hwy 68.
Where is this mixed-use property located?
The property is located at 8724 Us Highway 68 N West Liberty 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 on US Hwy 68 in Salem Township, zoned B‑1; 6,992 SF retail barn (built 1995) with half bath, pellet stove, heat pump, walkout upper level and foam insulation; Additional 960 SF commercial storefront added in 1996 with its own entrance and designated parking
