Property profile

0 Michigan St 47 & Lester Ave Sidney, OH 45365

OFF-MARKET
Lifestyle centers
0.5 ac lot Built 2018
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Property summary

AI-generated overview

This exceptional commercial outlot presents a rare opportunity for development in the thriving city of Sidney, Ohio. Located at the intersection of West Michigan Street (SR 47) and Lester Avenue, this property boasts prime visibility and convenient access to a major thoroughfare. With lot sizes ranging from 0.5 to 1.805 acres, this site offers flexibility for a variety of uses, including quick-service restaurants (QSR), shopping centers, and medical offices. The property is shovel-ready, with all utilities and drainage already in place, significantly reducing development time and costs. This location benefits from its proximity to a new Verizon Wireless store (opened Fall 2018) and other national retailers and restaurants, ensuring high traffic volume and strong consumer presence. The site's strategic location offers easy access to Interstate 75, a major highway with over 47,000 vehicles passing daily, further enhancing its commercial potential. This is the best remaining commercial outlot in Sidney, offering an unparalleled opportunity to establish a successful business in a high-demand area. The property is zoned for retail, office, mixed-use, and land development, providing considerable versatility for prospective buyers. Built in 2018, the site is ready for immediate development. Don't miss this chance to secure a prime location in a rapidly growing market.

Property profile

Verified
Property type Lifestyle centers
Year built 2018
Lot 0.5 ac (21,780 SF)

Cap rate & NOI

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

Location

Michigan St 47 & Lester Ave Sidney, OH 45365
Sidney metro
Google Maps

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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