115 Burnett Rd Springfield, OH 45505-1402
This exceptional Springfield, OH commercial property presents a unique investment opportunity. Located at 115 S Burnett Road, this 1,088 square foot building sits on a 0.17-acre lot and is currently configured as a well-established salon, offering immediate income potential. The property boasts six finished rooms, including a spacious waiting room (15x8), a versatile office or tanning room (8x8), a main working area with multiple stations (11x11), an additional 11x9 room, a kitchen with eat-in nook (10x11 + 10x7), and a full bathroom. The lower level offers additional space, partially finished with a laundry area (washer and dryer included) and ample storage in two separate rooms. A significant advantage is the oversized paved private parking lot to the rear, providing convenient access for clients and employees. Furthermore, a detached 32x28 garage with tandem doors offers versatile storage options or potential rental income. The property is zoned City RS-5 (Low Density Single Family Residential District). An inventory list of included hair products, color, and equipment is available upon request. Priced at $150,000, this property is ideal for a savvy investor seeking a turnkey business or a blank canvas for a new venture. The current limited operating schedule presents an opportunity to expand business hours and increase revenue.
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Panache Style & Tan Tanning Salon
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.