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    152 Continental Dr Salem, OH 44460

    For Sale
    $2,345,000

    Prime vacant auto shop, 30,200 sq ft.

    Property size:
    30,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional commercial property presents a unique investment opportunity. Located at 152 Continental Drive in Salem, Ohio, this former Ford dealership boasts a substantial 30,200 square feet of space, encompassing a showroom and service garages. Situated on a generous 5-acre lot, the property offers ample room for expansion or future development. The asking price is $2,345,000, translating to $77.65 per square foot. The property is currently vacant and zoned for commercial use, providing flexibility for a variety of automotive-related or other suitable businesses. Its strategic location offers high visibility and accessibility, with excellent signage opportunities on State Street. The property enjoys proximity to Salem Hospital and a cluster of major retailers, including Home Depot, Walmart, Starbucks, Chipotle, Marc's, and Giant Eagle, ensuring high traffic flow and a strong customer base. This presents a rare chance to acquire a well-positioned, sizable commercial property in a thriving Ohio community. The property is ready for immediate occupancy. All utilities are available. The 44460 zip code offers easy access to major transportation routes. This is an ideal location for a new or expanding business seeking a high-traffic, well-established area.

    Property Features for 152 Continental Dr

    General Information

    Property type
    Automotive properties
    Square Feet
    30,200 SF
    Lot Size
    217,800 SF

    HighLights

    • Former Ford Dealership in Salem, OH.
    • 30,200 SF building with showroom and service garages on a 5‑acre lot.
    • Excellent location near Salem Hospital and major retailers (Home Depot, Walmart, Starbucks, Chipotle, Marc's, Giant Eagle).
    • High‑traffic location with prominent State Street signage.
    • $2,345,000 asking price ($77.65/SF).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Donnell Ford Lincoln ... Auto Parts Store Donnell Ford Lincoln ... Auto Repair Shop Donnell Ford Lincoln ... Auto Parts Store Donnell Ford Lincoln ... Auto Repair Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Columbiana
    State
    Ohio
    Longitude
    -80.826124595817
    Latitude
    40.901722611114

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    FAQs

    What type of property is this?
    Automotive property - Prime vacant auto shop, 30,200 sq ft.
    Where is this automotive property located?
    The property is located at 152 Continental Dr Salem, OH.
    What is the asking price?
    The asking price for this property is $2,345,000.
    What are key features of this property?
    This property features: Former Ford Dealership in Salem, OH.; 30,200 SF building with showroom and service garages on a 5-acre lot.; Excellent location near Salem Hospital and major retailers (Home Depot, Walmart, Starbucks, Chipotle, Marc's, Giant Eagle).
    (330) 757-4889
    Request Owner's contact information
    152 Continental Dr Salem, OH 44460
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    Salem, OH 44460
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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
    152 Continental Dr Salem, OH 44460
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