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    204 Lowry Ave Springfield, OH 45506

    For Sale
    $1,250,000

    56,892 SF Flex/Warehouse - $1.25M

    Property size:
    56,892 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional Springfield, Ohio industrial property offers 56,892 square feet of versatile space, encompassing a high-bay warehouse (26,031 sq ft), flex warehouse (10,522 sq ft), and multi-floor office/warehouse (20,339 sq ft). Built in 1958, this single-building property sits on a 1.62-acre lot and features four loading docks and ceiling heights ranging from 10 to 24 feet. The asking price is $1,250,000, translating to $21.97 per square foot. Its prime location in Springfield benefits from significant recent revitalization efforts, including over $400 million in new developments downtown in the last decade. The property's proximity to the NTPRD Chiller (an indoor ice skating arena generating substantial economic impact), a vibrant arts community (including the Springfield Symphony Orchestra and Clark State Performing Arts Center), Wittenberg University, and Clark State Community College makes it an attractive investment opportunity. The property's APN is 34-00700-03411-4002. This unique blend of warehouse and office space presents a compelling opportunity for a variety of businesses seeking a well-located and functional facility in a growing Ohio city.

    Property Features for 204 Lowry Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    56,892 SF
    Lot Size
    70,567 SF

    Building Details

    Year Built
    1958
    Buildings
    1

    HighLights

    • 56,892± SF Total Building Area
    • 26,031± SF High‑Bay Warehouse Space
    • 10,522± SF Flex Warehouse Space
    • 20,339± SF Multi‑Floor Office/Warehouse Space
    • Springfield, OH location in a revitalized area with ongoing redevelopment.
    • Over $400 million in recent downtown Springfield development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    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
    Springfield
    County
    Clark
    State
    Ohio
    Longitude
    -83.8158108
    Latitude
    39.9224998

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    FAQs

    What type of property is this?
    Distribution property - 56,892 SF Flex/Warehouse - $1.25M
    Where is this distribution property located?
    The property is located at 204 Lowry Ave Springfield, OH.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: 56,892± SF Total Building Area; 26,031± SF High-Bay Warehouse Space; 10,522± SF Flex Warehouse Space
    Request Owner's contact information
    204 Lowry Ave Springfield, OH 45506
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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
    204 Lowry Ave Springfield, OH 45506
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