Property summary
This exceptional retail property, located at 161 S 2nd Street in the heart of Byesville, Ohio, presents a compelling investment opportunity. The substantial brick building boasts over 12,000 square feet of space, currently occupied by a thriving retail tenant. The property features ample off-street parking with over 17 spaces, a significant advantage in a bustling downtown area. The current tenant enjoys a strong lease agreement, generating a monthly income of $2800, with the tenant responsible for all utilities. This provides immediate and consistent cash flow for the investor. The lease extends through the fall of 2025, offering long-term stability and predictability. The 0.43-acre lot provides ample space for potential expansion or future development. Situated in a prime downtown location, this property benefits from high visibility and convenient access for customers. The building's substantial size and current high occupancy rate make it an attractive investment for those seeking a stable, income-producing asset in a desirable Ohio market. The strong existing lease and the tenant's expressed desire to remain in the building further enhance the property's value and long-term potential. This is a rare opportunity to acquire a well-established, high-performing retail property in a thriving downtown location.
Property profile
VerifiedCap rate & NOI
Current use
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Department Store Grocery & Convenience Store
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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