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1200 Bechtle Ave Springfield, OH 45504-1941

OFF-MARKET Strip malls Google Maps
19,727 SF 1.2 ac lot Built 1991
Trust Owned 20-yr Hold ~ Est. High Equity
Estimated value (blended)
$340k
Range $306k – $374k (±10%)
Property ID US66-1686436

Property summary

AI-generated overview

This exceptional restaurant space, located at 1200 N Bechtle in Clark County, Nevada, presents a unique opportunity for food and beverage entrepreneurs. The property is part of a larger multi-tenant retail building totaling 19,727 square feet, offering excellent visibility and potential for synergy with neighboring businesses. Currently, 1,600 square feet of readily available space is perfect for a variety of restaurant concepts. The building's strategic location within Clark County ensures high foot traffic and accessibility for customers. This is an ideal space for established restaurants looking to expand or new ventures seeking a prime location to launch their business. The existing infrastructure provides a solid foundation for immediate occupancy, minimizing upfront investment and allowing for a quick start-up. The multi-tenant environment fosters a vibrant atmosphere and shared amenities, creating a supportive business community. This opportunity combines the benefits of a well-established location with the flexibility of a customizable space, making it an attractive proposition for discerning restaurateurs. The 1,600 square foot space offers ample room for a kitchen, dining area, and potentially additional features depending on the specific restaurant concept. Serious inquiries are encouraged to explore this exceptional opportunity to establish a thriving restaurant business in a high-demand location. Contact us today to schedule a viewing and discuss your vision for this prime space.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1991
Construction FRAME
Total area 19,727 SF
Lot 1.2 ac (52,272 SF)
APN 330-06-00006-300-016
UPID US66-1686436

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$340k

Owner & transaction history

since 2006
3 recorded transactions
2020
Price N/A
2006
Price N/A
1969
Price N/A

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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