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Property profile & analytics
OFF-MARKET
Auto shops

140 Riv St Franklin, OH 45005-2238

2,233 SF 0.65 ac lot Built 1961
Individually Owned 9-yr Hold Free & Clear
Property ID
US66-0119417
Property summary
AI-generated overview

Prime Franklin location, 2,233 sq ft, 0.646 acres, high traffic count, part of revitalization project, owner retiring. This single-story, 1961-built commercial garage offers a unique opportunity for an automotive business. The property boasts a spacious workshop, retail area, and office, all within a well-known and established cycle shop. Situated on a 0.646-acre lot on River Street in Franklin, Ohio, this property benefits from high visibility and significant daily traffic (1,444 vehicles on average, per ODOT 2022 surveys). Its inclusion in the Downtown Franklin Revitalization Project signals ongoing growth and development in the surrounding area. The property's proximity to the Great Miami River adds to its appeal, with new businesses, homes, restaurants, parks, and living spaces being developed nearby. The current owner's retirement creates a rare chance to acquire a turnkey operation in a thriving location. The asking price is $500,000, with a price per square foot of $223.91. The permitted zoning is Commercial Garage. This presents a compelling investment opportunity for entrepreneurs seeking to establish or expand their automotive ventures in a vibrant and growing community.

Property profile
Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1961
Construction CONCRETE
Total area 2,233 SF
Lot 0.65 ac (28,176 SF)
APN 04-32-379-025-0
UPID US66-0119417
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
  • O D's Cycle Shop Auto Repair Shop Motorcycle Shop
  • Bandidos de sabor Restaurant
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
Glenn E Oditt · 9 yrs held
Glenn E Oditt
since 2016
3 recorded transactions
2016
Price N/A
2007
$130,000
1999
$130,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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