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Property profile & analytics
OFF-MARKET
Retail space

161 2nd St Byesville, OH 43723-1303

12,390 SF 0.22 ac lot Built 1972
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US66-4592521
Property summary
AI-generated overview

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
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1972
Total area 12,390 SF
Lot 0.22 ac (9,751 SF)
APN 12-0000547.000
UPID US66-4592521
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
  • Dealbusters Marketplace Department Store Grocery & Convenience Store
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
Rutgers And Company LLC · 6 yrs held
Rutgers And Company LLC
since 2019
1 recorded transaction
2019
$200,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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