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    231 Main St Lexington, OH 44904

    Sponsored
    For Sale
    $400,000

    6+ Acres, Prime Location, High Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 6+ acre commercial land parcel is situated on Main Street in Lexington, Ohio, offering unparalleled development opportunities. Located in Richland County, with APN 0482714201000 and zip code 44904, this leveled property boasts convenient access to I-71, providing easy access to both Cleveland and Columbus. The asking price is $400,000. This prime location is minutes from the Mid-Ohio Sports Car Course, a major regional attraction drawing visitors from across the country. The area is experiencing significant growth, with a strong school district and a desirable blend of rural charm and modern amenities. Surrounded by farmland and quiet neighborhoods, Lexington offers a unique appeal to businesses and residents alike. The property's central location presents a strategic advantage for businesses seeking to reach a wide market, with endless potential for various commercial developments. This non-contingent offering requires a 10% earnest money deposit. The property is adjacent to a restaurant, further enhancing its commercial viability. This is a rare opportunity to acquire a substantial land parcel in a thriving Ohio community.

    Property Features for 231 Main St

    General Information

    Property type
    Land
    Lot Size
    261,360 SF

    HighLights

    • 6+ acres of level land adjacent to a restaurant.
    • Excellent location in Lexington, OH, between Cleveland and Columbus.
    • High development potential due to market demand and demographics.
    • Main Street Acres, APN 0482714201000, offers a prime commercial development opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    OhioHealth Laboratory Services ... Medical Laboratory Brandon Joseph Crouch, ... General Practitioner Lisa Patterson Family Practice Physician Christopher John Hassmann, ... Podiatrist Elizabeth Miller Nurse Practitioner

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Richland
    State
    Ohio
    Longitude
    -82.5748279
    Latitude
    40.679358

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    FAQs

    What type of property is this?
    Land - 6+ Acres, Prime Location, High Potential
    Where is this land located?
    The property is located at 231 Main St Lexington, OH.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: 6+ acres of level land adjacent to a restaurant.; Excellent location in Lexington, OH, between Cleveland and Columbus.; High development potential due to market demand and demographics.
    Request Owner's contact information
    231 Main St Lexington, OH 44904
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    Lexington, OH 44904
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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
    231 Main St Lexington, OH 44904
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