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    311 Lexington-Springmill Rd Ontario, OH 44906

    Sponsored
    For Lease
    Contact for pricing

    Walmart-anchored retail center; 9 spaces available.

    Lot size:
    17,446 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Invest in a prime retail opportunity at Applewood Plaza, a thriving strip center in Mansfield, Ohio's main retail corridor. This single-story center offers excellent visibility and accessibility, boasting a Walmart anchor tenant for consistent traffic. Nine individual retail spaces are currently available, ranging in size from 1,200 square feet to 3,200 square feet, providing flexibility for various business needs. The property benefits from a high-traffic location, with Lexington Springmill Road seeing 18,204 vehicles per day and Lane Avenue recording 7,903 vehicles per day. This strong traffic flow ensures maximum exposure for your business. Further enhancing its appeal, pylon signage opportunities are available, providing excellent branding potential. Located in Richland County, Applewood Plaza presents a compelling investment prospect in a bustling retail environment. The multiple tenancy structure offers a diverse tenant mix, creating a vibrant and attractive shopping destination. This is an exceptional chance to secure a space in a well-established and highly visible retail center. Contact us today to learn more about the available spaces and lease terms.

    Property Features for 311 Lexington-Springmill Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    17,446 SF

    Building Details

    Stories
    1

    Unit(s) available at that property

    Space
    Suite 110
    Size
    1,200 SF
    Space
    Suite 115
    Size
    1,200 SF
    Space
    Suite 120
    Size
    3,200 SF
    Space
    331-Suite 115
    Size
    1,800 SF
    Space
    331-Suite 100
    Size
    1,496 SF
    Space
    331-Suite 155/160
    Size
    2,400 SF
    Space
    331-Suite 165/170
    Size
    2,700 SF
    Space
    Suite 100
    Size
    1,200 SF
    Space
    Suite 135
    Size
    2,250 SF

    HighLights

    • Walmart‑anchored retail center in Mansfield's main retail corridor.
    • High visibility and easy accessibility.
    • Pylon signage available.
    • Strong traffic counts: 18,204 VPD on Lexington Springmill Road and 7,903 VPD on Lane Avenue.
    • Nine available spaces ranging from 1,200 sq. ft. to 3,200 sq. ft.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Ontario
    County
    Richland
    State
    Ohio
    Longitude
    -82.5904046
    Latitude
    40.7683733

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    FAQs

    What type of property is this?
    Retail property - Walmart-anchored retail center; 9 spaces available.
    Where is this retail property located?
    The property is located at 311 Lexington-Springmill Rd Ontario, OH.
    What are key features of this property?
    This property features: Walmart-anchored retail center in Mansfield's main retail corridor.; High visibility and easy accessibility.; Pylon signage available.
    Request Owner's contact information
    311 Lexington-Springmill Rd Ontario, OH 44906
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    Ontario, OH 44906
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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
    311 Lexington-Springmill Rd Ontario, OH 44906
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