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    FOR SALE
    Automotive properties

    152 Continental Dr, Salem, OH 44460

    30,200 SF 5.16 ac lot Built 1973
    Entity Owned ~ Est. High Equity
    Property ID
    US66-2053323
    Property summary
    AI-generated overview

    This exceptional commercial property presents a unique investment opportunity. Located at 152 Continental Drive in Salem, Ohio, this former Ford dealership boasts a substantial 30,200 square feet of space, encompassing a showroom and service garages. Situated on a generous 5-acre lot, the property offers ample room for expansion or future development. The asking price is $2,345,000, translating to $77.65 per square foot. The property is currently vacant and zoned for commercial use, providing flexibility for a variety of automotive-related or other suitable businesses. Its strategic location offers high visibility and accessibility, with excellent signage opportunities on State Street. The property enjoys proximity to Salem Hospital and a cluster of major retailers, including Home Depot, Walmart, Starbucks, Chipotle, Marc's, and Giant Eagle, ensuring high traffic flow and a strong customer base. This presents a rare chance to acquire a well-positioned, sizable commercial property in a thriving Ohio community. The property is ready for immediate occupancy. All utilities are available. The 44460 zip code offers easy access to major transportation routes. This is an ideal location for a new or expanding business seeking a high-traffic, well-established area.

    Property profile
    Verified
    Property type Automotive properties
    Use group VEHICLE SALES, RENTALS
    Year built 1973
    Total area 30,200 SF
    Lot 5.16 ac (224,626 SF)
    APN 51-08057-000
    UPID US66-2053323
    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
    • Donnell Ford Lincoln of Salem Parts Auto Parts Store
    • Donnell Ford Lincoln of Salem Service Auto Repair Shop
    • Donnell Ford Lincoln of Salem Lincoln Parts Auto Parts Store
    • Donnell Ford Lincoln of Salem Lincoln Service Auto Repair Shop
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.98M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.68M
    Owner & transaction history
    Yalco Commerical Real Estate Group
    Yalco Commerical Real Estate Group
    since 2025
    Last sale
    $1.5M
    2 recorded transactions
    2025
    $1.5M
    2023
    $1.9M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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