1652 Limestone St Springfield, OH 45503-2652
This exceptional commercial property at 1652 N Limestone Street in Springfield, OH, presents a unique investment opportunity. Situated on a 0.17-acre lot encompassing two parcels (1652 and 1658), this high-visibility building boasts ample parking. The property's prime location on busy N Limestone Street ensures significant foot and vehicle traffic. Currently configured as a salon/spa, the space is fully equipped with seven stations, a massage room, facial area, two pedicure chairs, and two nail stations. The second floor features two large rooms and a full bath, offering potential for residential conversion or expansion of the existing business. The building is Ohio Board of Cosmetology regulated. Recent upgrades include a complete roof tear-off and new shingles (2021), new gutters (2021), a tankless water heater, updated plumbing (2021), and two new electrical panels (2021). The first floor features waterproof and scratch-proof flooring, new lighting, and exhaust fans in the nail station. The furnace is approximately five years old. The vacant lot included in the second parcel provides additional development potential. This versatile property offers numerous business possibilities, including a work-live arrangement, making it an attractive investment for a variety of entrepreneurs. Priced at $295,000.
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Reflections Salon and Spa Hair Salon
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.