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Property profile & analytics
OFF-MARKET
Retail space

115 Burnett Rd Springfield, OH 45505-1402

1,088 SF 0.17 ac lot Built 1924
Individually Owned Absentee Owner ~ Est. High Equity
Property ID
US66-2151922
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1924
Construction FRAME
Total area 1,088 SF
Lot 0.17 ac (7,600 SF)
APN 340-07-00022-100-011
UPID US66-2151922
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
  • Panache Style & Tan Tanning Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Danny J Albert
Danny J Albert
2 recorded transactions
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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