Freestanding Brick Building on
For Sale
Contact for pricing
4302 Gallia Street, New Boston, OH 45662
Commercial building on Gallia Street with high visibility.
Property Size2,100 SF
Price / SF$76.14
Days on Market707
Property Features for 4302 Gallia Street
General Information
Standard status
Active
Size
2,100 SF
Property subtype
Special Purpose
Listing Agency:
CENTURY 21 Empire Realty, S. E.
Listed By:
Matt Schackart · License #OH
Source:
Crexi
Added: Aug 23, 2024
Changed: Jul 10
Last Checked: Jul 28 at 5:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 Empire Realty, S. E.
Investment Insights
Based on property information with market context.
This freestanding brick commercial building is located on Gallia Street (SR 52 East) and Lakeview Avenue, which also intersects with SR 52 West. Situated on an intersection with both traffic lights and pedestrian crossings, the property offers a strategic position with high visibility. Key features include an updated roof membrane, central heating unit, ample basement storage, and convenient off-street parking. The building has a versatile layout that allows for the possibility of dividing the space into two separate commercial units. The property is suitable for establishing a new business or expanding an existing one.
Key Highlights
- High‑visibility location at a signalized intersection on Gallia Street (SR 52 East) and Lakeview Avenue.
- Versatile layout allows for division into two separate commercial units.
- Updated roof membrane.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $13.4k | $6.36 |
| − Vacancy | −$478 | −$0.23 |
| EGI | $12.9k | $6.13 |
| − OpEx | −$3.9k | −$1.84 |
| NOI | $9.0k | $4.29 |
2,100 SF · lease $6.36/SF/yr · vacancy 3.58% · expense 30.00%
Alternative Uses
Best Use
Retail
$128.8K
$112.7K – $150.2K
NOI $9,014 @ 7.0% cap · market cap 5.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$446.9K
$391.0K – $521.4K
NOI $31,283 @ 7.0% cap · market cap 19.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
156
Businesses Nearby
15k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 47%
Shops & Services 28%
Home Improvements & Furnishings 16%
Beauty & Spa 10%
Label Shopper
Apparel
5,614 visits/mo
0.2 miles
Dollar General
Shops & Services
3,079 visits/mo
0.2 miles
Shoe Sensation
Apparel
1,528 visits/mo
0.2 miles
Cosmoprof
Beauty & Spa
1,501 visits/mo
0.2 miles
H&R Block
Shops & Services
1,154 visits/mo
0.2 miles
Demographics for 45662, OH
27,718
Population
12,955
Households
2.1
Avg Household Size
39
Median Age
17%
College-Educated
87%
High-School Grad
55.5 sq mi
ZIP Area
499
Density / Sq Mi
$37,345
Median Household Income
$30,399
Median Earnings
$756
Median Rent
$98,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Commercial building on Gallia Street with high visibility.
Where is this retail space located?
The property is located at 4302 Gallia Street New Boston, OH.
What is the asking price?
The asking price for this property is $159,900.
What are key features of this property?
This property features: High‑visibility location at a signalized intersection on Gallia Street (SR 52 East) and Lakeview Avenue.; Versatile layout allows for division into two separate commercial units.; Updated roof membrane.
