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140 Pleasant St Springfield, OH 45506-2206

OFF-MARKET Retail space Google Maps
2,315 SF 0.17 ac lot Built 1959
Individually Owned 4-yr Hold Free & Clear
Estimated value (blended)
$185k
Range $167k – $204k (±10%)
Property ID US66-1138678

Property summary

AI-generated overview

This exceptional investment opportunity presents two buildings totaling 4,887 square feet on a 0.445-acre lot in Springfield, Ohio. The property, located at 140 and 144 W Pleasant St, features a thriving convenience store (2,315 sq ft) and a 2,572 sq ft office space, both renovated in 2022. The convenience store boasts a diverse inventory, modern refrigeration, shelving, a POS system, and security cameras, all included in the sale. The office space offers 10 offices, two bathrooms, two kitchenettes, and a modern reception area. It's adaptable to furnished or unfurnished configurations, equipped with high-speed internet and advanced telecommunication systems. Both buildings benefit from ample on-site parking (15 spaces), excellent visibility on a main road with easy highway access, and strong foot traffic due to proximity to residential areas and public transportation. The buildings were constructed in 1949 and 1968, respectively. This sale includes three parcels and is offered as a sale-leaseback with a NNN lease. The asking price is $435,000. This package deal presents a rare chance to acquire a profitable, established business with significant growth potential.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1959
Construction BRICK
Total area 2,315 SF
Lot 0.17 ac (7,450 SF)
APN 340-07-00034-127-014
UPID US66-1138678

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Grocery & Convenience Store Food Market

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
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Blend (final) Blend
$185k

Owner & transaction history

since 2022
7 recorded transactions
2022
$65,000
2018
Price N/A
2013
$70,000
2010
Price N/A
1969
Price N/A
1969
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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