Property profile

1701 Lexington Ave Springfield, OH 45505

FOR SALE
Retail space
Property ID
US66-2144986
6,468 SF 0.17 ac lot Built 1891
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

The property is a duplex located in the Brain All subdivision and configured as a self-care beauty multi-plex on the main level with residential apartments on the upper level. As a corner property, it contains approximately 6,468 square feet. The main level includes nine fully equipped salon suites with shampoo bowls and designed interior finishes featuring contemporary hard-surface flooring, white trim, and sleek doors. Suite sizes average about 9 by 11 feet, with two larger suites measuring 11 by 11 feet; the level also includes two handicap-accessible bathrooms, a large entry/waiting area, and an 11 by 11 office suite with a private entry. A 9 by 10 community laundry/washroom serves suite owners. The upper level consists of three apartments, including one unit with two bedrooms and one bathroom plus a kitchen and living room; the apartments feature updated cabinetry, hard-surface flooring, and neutral interior finishes, and the stairway provides access to a common area for communal laundry facilities. Off-street parking is available behind the building in a graveled lot, with back-door exit access. Documented major improvements include new flooring throughout, updated plumbing, a replaced flat roof, and a new HVAC system.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1891
Construction FRAME
Total area 6,468 SF
Lot 0.17 ac (7,500 SF)
APN 340-07-00028-222-001
UPID US66-2144986

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
  • Construction Company General Contractor

Location

1701 Lexington Ave Springfield, OH 45505
Springfield metro Census 400 SPRINGFIELD, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$230k

Owner & transaction history

since 2021
Last sale
$35,000
7 recorded transactions
2026
Price N/A
2025
Price N/A
2024
Price N/A
2023
Price N/A
2022
Price N/A
2021
$35,000
2007
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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More about this property
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