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    450 Western Ave Lewisburg, OH 45338

    Sponsored
    For Sale
    $650,000

    10,320 SF Warehouse, $650K

    Property size:
    10,320 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This 10,320-square-foot industrial building in Lewisburg, Ohio, presents a unique investment opportunity. Priced at $650,000 ($62.98/sq ft), the property sits on a 7.602-acre lot and is zoned I-1. Currently a shell building, construction was previously underway for a restaurant/brewery/retail space but was halted mid-project. The structure features a completed exterior shell, installed windows and roof insulation, a finished mezzanine, and some completed drainage and sidewalks. This offers a significant cost savings for a buyer looking to complete the build-out to their specifications. The building's versatile nature makes it ideal for various uses, including warehouse space, self-storage, or even a brewery, given its prior intended use. Convenient access is provided from both Clay Street and Western Avenue, with proximity to I-70 via West Clay Street. The property's APN is D13001202800012003. This is a prime opportunity to acquire a partially completed building in a desirable location at a competitive price.

    Property Features for 450 Western Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    10,320 SF
    Lot Size
    331,143 SF

    HighLights

    • $650,000 asking price.
    • 10,320 SF building with mezzanine.
    • Partially completed shell building.
    • 7.602‑acre lot.
    • Convenient access from Clay Street and Western Avenue.
    • Close proximity to I‑70.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lost Railroad Brewhaus Brewery

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Lewisburg
    County
    Preble
    State
    Ohio
    Longitude
    -84.5444594
    Latitude
    39.8461324

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    Nearby Similar for Sale

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      Updated Industrial Property with Cold Storage

      129,340 SF industrial property with cold storage for sale.
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    • $650,000
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      Shell Building Near I-70

      Shell building suitable for warehouse, self-storage, or brewery.
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      Prime Lewisburg Industrial Facility

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    FAQs

    What type of property is this?
    Distribution property - 10,320 SF Warehouse, $650K
    Where is this distribution property located?
    The property is located at 450 Western Ave Lewisburg, OH.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: $650,000 asking price.; 10,320 SF building with mezzanine.; Partially completed shell building.
    Request Owner's contact information
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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
    450 Western Ave Lewisburg, OH 45338
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