Property profile

2727 Lexington Ave Lexington, OH 44904

OFF-MARKET
Specialty properties
11,871 SF 3.82 ac lot
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Property summary

AI-generated overview

This stunning 11,871 square foot church building, situated on a spacious 3.82-acre lot in Mansfield, Ohio, presents a unique investment opportunity. Built in 1996, this exceptional property boasts a 400-seat sanctuary featuring museum-quality antiques and irreplaceable artwork. The sanctuary's design incorporates approximately 4,000 pounds of Jerusalem stone surrounding the baptistery, accented by cherry-stained red oak and stained-glass sconces and crosses. In addition to the main sanctuary, a 3,200 square foot fellowship hall provides ample space for gatherings. Constructed with durable wood, brick, and stone, the building is equipped with central air conditioning and gas forced heat. City water and a septic system serve the property. Recently appraised at over $1,000,000, this property is being offered at auction with a published reserve price of $95,000. The auction will be held on Thursday, September 12, 2024, at 11:00 AM. On-site registration begins at 10:00 AM. On-site due diligence is available. Pre-auction property viewings are scheduled for Thursdays, August 22nd, 29th, and September 5th, from 10:30 AM to 12:00 PM.

Property profile

Verified
Property type Specialty properties
Total area 11,871 SF
Lot 3.82 ac (166,399 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Church

Location

2727 Lexington Ave Lexington, OH 44904
Lexington metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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