1302 Defiance St, Wapakoneta, OH 45895-1081
This exceptional commercial property, located at 1302 Defiance Street in Wapakoneta, Ohio, presents a fantastic investment opportunity. The 1,878 square foot building boasts a desirable location at the north end of town and benefits from a strong history as the former home of Schwieterman Pharmacy. Constructed with a durable brick and block frame on a concrete slab foundation, the building offers a solid structure for a variety of commercial uses. The interior features a showroom area with carpet and drop ceilings, providing a comfortable and adaptable space. A significant advantage is the inclusion of a drive-through window, a highly sought-after feature for many businesses. The property also includes a well-lit parking lot with capacity for fifteen vehicles, ensuring ample space for customers and employees. The 0.93-acre lot provides additional potential for expansion or outdoor uses. Please note that access requires 48 hours' notice to the previous tenant. This property is priced competitively at $281,700 and offers a compelling blend of location, features, and potential. Serious inquiries are encouraged.
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.