2727 Lexington Ave Lexington, OH 44904
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.
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Mansfield Faith Assembly (Sun 10am-1215pm) Church
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
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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.