Property profile

1516 Lincoln Ave Salem, OH 44460

OFF-MARKET
Retail space
Property ID
US66-0418512
3,180 SF 0.47 ac lot Built 1947
Entity Owned Free & Clear
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Property summary

AI-generated overview

This commercial property is located on a corner lot with exposure to South Lincoln Avenue and Southeast Boulevard. The 4,680-square-foot building sits on approximately 0.47 acres and is zoned C-2 General Commercial. Block construction with a steel roof provides a versatile interior layout featuring a finished office entry with a foyer/reception area, two private offices sized 10x14 and 16x18, a conference room sized 18x28, a half-bath, and a crew room sized 16x20 that includes a kitchen and a full shower bath. The building also contains two shop areas: a north shop space sized 28x48 with dual overhead doors (10x10 and 10x12), radiant gas heat, and 200-amp electrical service, and a south shop space sized 30x48 with one overhead door (10x10) and 200-amp electrical service. The configuration supports a range of commercial uses, including office and warehouse/fabrication use, automotive service and repair, contractor storage with shop space, light manufacturing, or logistics operations.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1947
Total area 3,180 SF
Lot 0.47 ac (20,499 SF)
APN 51-00137-000
UPID US66-0418512

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
  • Ambulance Service

Location

1516 Lincoln Ave Salem, OH 44460-4249
Salem metro Census 950500 SALEM, OH MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$140k

Owner & transaction history

since 2026
Last sale
$110,000
4 recorded transactions
2026
$110,000
2025
$81,100
2018
Price N/A
2018
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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