832 Lexington-Springmill Rd Ontario, OH 44906
Barnes & Noble Plaza presents a prime retail investment opportunity in the thriving Mansfield-Ashland submarket of Richland County. This single-story, 27,000 square foot retail center, built in 1995, sits on a generous 2.17-acre lot, offering excellent visibility and accessibility. The property features multiple tenancies, with available spaces of 1,500 and 2,500 square feet, which can be combined to create a 4,000 square foot space. Its strategic location provides a signalized entrance/exit, ensuring convenient access for customers. The property boasts prominent monument and building signage, maximizing brand exposure. The potential for a drive-thru adds further appeal to this already highly visible site, making it an ideal location for a variety of retail businesses. Located within the Lexington, Ontario submarket cluster, this property benefits from strong local demographics and convenient access to major transportation routes. The building's footprint matches the total land area, offering flexibility for future development or expansion. This is a rare opportunity to acquire a well-located, established retail center in a growing market.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.