120 Main St Russells Point, OH 43348
- Retail space
- 10,004 SF
- 2.06 lot acres
Current Use by Public Records
- Retail space
Property Details for 120 Main St
- Year built
- 1995
- Lot size
- 2.06 lot acres
- Property size
- 10,004 SF
- Property type
- Retail space
- APN
- 52-032-09-06-010-006
- APU
- 520320906010006
Description
This exceptional 10,004-square-foot retail space, located at 120 W Main St in Russells Point, Ohio, presents a significant opportunity for businesses seeking a prominent location. The property, a former Rite Aid, boasts a single-tenant occupancy and sits on a generous 2.08-acre lot. Built in 1995, the building is entirely vacant, offering a blank canvas for a new tenant to customize and develop. The property's address is 120 W Main St, Russells Point, OH 43348, within Logan County. Its convenient location offers excellent visibility and accessibility for customers. The substantial square footage provides ample space for a variety of retail uses, allowing for expansive layouts and efficient operations. The large lot size provides ample parking and potential for future expansion or outdoor amenities. This property is available for lease and represents a rare opportunity to establish a strong presence in a thriving community. The building's existing infrastructure provides a solid foundation for immediate occupancy, minimizing upfront investment costs. Interested parties are encouraged to explore the potential of this prime retail location. The property's location in Logan County, Ohio, offers access to a strong local market and regional transportation networks. This is an ideal opportunity for a business seeking a high-visibility location with significant space to grow.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,480,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,550,000
- 6.5%
- $1,415,000
- 7%
- $1,605,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,695,000
- Geo Method
- $1,480,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,740,000
- Retail
- $1,570,000
- Mixed-Use
- $1,675,000
- Hospitality
- $1,510,000
- Educational
- $1,420,000
- Residential Income
- $1,470,000
- Energy
- $1,785,000
- Income-Based Land
- $1,350,000
- Food Service
- $1,395,000
Location Insight
- Map
- Local Demand
- City
- Russells Point
- County
- Logan
- State
- Ohio
- Longitude
- -83.8956
- Latitude
- 40.4732
- CBSA code
- 13340
- CBSA name
- BELLEFONTAINE, OH MICROPOLITAN STATISTICAL AREA
