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OFF-MARKET
Specialty properties

2727 Lexington Ave Lexington, OH 44904

11,871 SF 3.82 ac lot
Property ID
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Mansfield Faith Assembly (Sun 10am-1215pm) Church
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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