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    1016 Main St Lebanon, OH 45036

    Sponsored
    For Sale
    Contact for pricing

    7.28 Acres, Prime Location, Ready to Develop

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 7.28-acre commercial land parcel in Lebanon, Ohio, presents a unique development opportunity. Located at 1016 W Main St, 45036, this flat, easily accessible site boasts General Business zoning, making it ideal for a variety of uses. Utilities are readily available on-site, simplifying the development process. The property's strategic location at the entrance to Lebanon's historic downtown ensures high visibility and accessibility. Its central position between Interstates 71 and 75 provides excellent regional connectivity, attracting a wide customer base. Strong surrounding demographics further enhance the investment potential. The site's proximity to the under-construction Traditions at Lebanon Assisted Living Development adds to its appeal, creating a synergistic environment. This prime location offers significant potential for retail, medical office, or other commercial ventures. The property's size and zoning flexibility allow for a wide range of development possibilities, making it an attractive investment for discerning developers seeking a high-impact location in a thriving community. The .74 to 7.28 acre lot size offers flexibility for various project scales.

    Property Features for 1016 Main St

    General Information

    Property type
    Land
    Lot Size
    32,234 SF

    HighLights

    • 7.279‑acre development‑ready parcel.
    • Utilities available on‑site.
    • Excellent location for retail or medical office development.
    • Level topography.
    • Strong surrounding population demographics.
    • Prime location at the entrance to historic downtown Lebanon.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lebanon
    County
    Warren
    State
    Ohio
    Longitude
    -84.2260292
    Latitude
    39.4344714

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    FAQs

    What type of property is this?
    Land - 7.28 Acres, Prime Location, Ready to Develop
    Where is this land located?
    The property is located at 1016 Main St Lebanon, OH.
    What are key features of this property?
    This property features: 7.279-acre development-ready parcel.; Utilities available on-site.; Excellent location for retail or medical office development.
    Request Owner's contact information
    1016 Main St Lebanon, OH 45036
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    Lebanon, OH 45036
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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
    1016 Main St Lebanon, OH 45036
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