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    1371 Leesburg Ave Washington Court House, OH 43160

    For Sale
    $1,700,000

    Prime retail center, fully leased, high traffic.

    Property size:
    8,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional commercial property, located at 1371 Leesburg Avenue in Washington Court House, Ohio, presents a lucrative investment opportunity. The 8,400 square foot Court House Plaza is a fully leased retail/restaurant center situated on a 90,169.2 square foot lot. Its prime location directly fronts a Walmart Supercenter, ensuring high visibility and significant foot traffic. The property boasts four units and benefits from its strategic position at the US 35 and SR 62 highway interchange, offering easy access and proximity to Interstate 71 and downtown Washington Court House. This thriving commercial hub serves a community of approximately 14,100 residents, positioned conveniently 45 miles southwest of Columbus and 45 miles northeast of Cincinnati, Ohio. The asking price is $1,700,000, translating to $202.38 per square foot. This property offers excellent visibility, high traffic counts, and a strong tenant base, making it an ideal investment for discerning buyers seeking a stable and profitable commercial venture in a well-established retail area. The property is situated within Fayette County's primary retail shopping center area.

    Property Features for 1371 Leesburg Ave

    General Information

    Property type
    Specialty properties
    Square Feet
    8,400 SF

    Building Details

    Units
    4

    HighLights

    • 8,400 SF fully leased retail/restaurant center in Washington Court House, OH.
    • Located on a 90,169.2 SF lot directly across from a Walmart Supercenter.
    • Four‑unit property at the US 35 and SR 62 interchange, providing easy access to I‑71 and downtown Washington Court House.
    • Asking price: $1,700,000 ($202.38/SF).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Washington Court House
    County
    Fayette
    State
    Ohio
    Longitude
    -83.4563314
    Latitude
    39.5251987

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    FAQs

    What type of property is this?
    Specialty property - Prime retail center, fully leased, high traffic.
    Where is this specialty property located?
    The property is located at 1371 Leesburg Ave Washington Court House, OH.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: 8,400 SF fully leased retail/restaurant center in Washington Court House, OH.; Located on a 90,169.2 SF lot directly across from a Walmart Supercenter.; Four-unit property at the US 35 and SR 62 interchange, providing easy access to I-71 and downtown Washington Court House.
    (614) 559-3350
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    1371 Leesburg Ave Washington Court House, OH 43160
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    Washington Court House, OH 43160
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1371 Leesburg Ave Washington Court House, OH 43160
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