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    OFF-MARKET
    Commercial real estate

    610 Yellow Springs St, Springfield, OH 45506

    4,362 SF 0.26 ac lot Built 1900
    Property ID
    Property summary
    AI-generated overview

    This exceptional 4,362 square foot commercial property located at 610 S Yellow Springs Street in Springfield, Ohio, presents a unique investment opportunity. Situated on a 0.26-acre lot, this building boasts a rich history, having previously served as a vibrant social hub for the Knights of Pythias. The main area features a large bar area ideal for entertaining, perfect for a variety of commercial uses. The expansive layout continues to the rear, where a second bar, a fully equipped kitchen, and a sizable banquet area provide ample space for gatherings, events, or expansion. The property's versatility allows for a wide range of potential uses, from restaurants and event spaces to offices or retail establishments. The building's substantial size and existing infrastructure offer significant advantages for a prospective buyer. Off-street parking is available for convenience. A significant added benefit is the inclusion of four additional parcels of land, increasing the overall value and potential development opportunities. This property is priced at $135,000 and represents a remarkable chance to acquire a substantial commercial space with significant historical character and redevelopment potential in a desirable Springfield location.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1900
    Total area 4,362 SF
    Lot 0.26 ac (11,326 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
    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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