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    1371 Leesburg Ave Washington Court House, OH 43160

    For Sale
    $1,700,000

    Fully Leased Shopping Center, High Traffic

    Property size:
    8,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 8,400 square foot shopping center in Washington Court House, Ohio, presents a lucrative owner/user investment opportunity. Located at 1371 Leesburg Ave, this single-story building boasts 100% occupancy with a diverse tenant mix including Verizon Wireless, A-1 Nails, Hotheads Burrito, and a Tobacco and Vape Shop. The property is situated on an outparcel directly in front of a Walmart Supercenter, ensuring high visibility and significant foot traffic. The asking price is $1,700,000, translating to $202.38 per square foot. Benefiting from its strategic location, the center enjoys excellent accessibility, being approximately 45 miles southwest of Columbus and 45 miles northeast of Cincinnati, with close proximity to Interstate 71. The property features 8,400 square feet of air rights, offering potential for future expansion or development. This fully leased, high-traffic retail center represents a strong investment with a stable income stream and significant upside potential. The property is for sale by owner and offers a rare opportunity to acquire a well-established, profitable commercial asset in a thriving market. The property's zip code is 43160, and it is located in Fayette County.

    Property Features for 1371 Leesburg Ave

    General Information

    Property type
    Lifestyle centers
    Square Feet
    8,400 SF

    Building Details

    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • $1,700,000 asking price for this 8,400 square foot shopping center.
    • Located in Washington Court House, OH, at 1371 Leesburg Ave, 43160.
    • 100% occupied, multi‑tenant property with Verizon Wireless as an anchor tenant.
    • Situated on an outparcel with high visibility, fronting a Walmart Supercenter.
    • Excellent location with high traffic counts, close to Interstate 71, and equidistant from Columbus and Cincinnati.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Washington Court House
    County
    Fayette
    State
    Ohio
    Longitude
    -83.4563314
    Latitude
    39.5251987

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    FAQs

    What type of property is this?
    Lifestyle center - Fully Leased Shopping Center, High Traffic
    Where is this lifestyle center located?
    The property is located at 1371 Leesburg Ave Washington Court House, OH.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: $1,700,000 asking price for this 8,400 square foot shopping center.; Located in Washington Court House, OH, at 1371 Leesburg Ave, 43160.; 100% occupied, multi-tenant property with Verizon Wireless as an anchor tenant.
    Request Owner's contact information
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    Washington Court House, OH 43160
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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
    1371 Leesburg Ave Washington Court House, OH 43160
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