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Property profile & analytics
OFF-MARKET Estimated value $1,070,000
Medical Office Space

231 Main St Mansfield, OH 44904-1353

10,054 SF 8.47 ac lot Built 2019
Entity Owned Free & Clear
Property ID
US66-4932640
Property summary
AI-generated overview

This exceptional 6+ acre commercial land parcel is situated on Main Street in Lexington, Ohio, offering unparalleled development opportunities. Located in Richland County, with APN 0482714201000 and zip code 44904, this leveled property boasts convenient access to I-71, providing easy access to both Cleveland and Columbus. The asking price is $400,000. This prime location is minutes from the Mid-Ohio Sports Car Course, a major regional attraction drawing visitors from across the country. The area is experiencing significant growth, with a strong school district and a desirable blend of rural charm and modern amenities. Surrounded by farmland and quiet neighborhoods, Lexington offers a unique appeal to businesses and residents alike. The property's central location presents a strategic advantage for businesses seeking to reach a wide market, with endless potential for various commercial developments. This non-contingent offering requires a 10% earnest money deposit. The property is adjacent to a restaurant, further enhancing its commercial viability. This is a rare opportunity to acquire a substantial land parcel in a thriving Ohio community.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2019
Total area 10,054 SF
Lot 8.47 ac (368,866 SF)
APN 048-27-172-17-002
UPID US66-4932640
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
  • OhioHealth Laboratory Services - Lexington Medical Laboratory
  • Brandon Joseph Crouch, MD Physician
  • Lisa Patterson Pediatrician Physician
  • Christopher John Hassmann, II, DPM Physician
  • Elizabeth Miller Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$989k
Blend (final) Blend
$1.07M
Owner & transaction history
OHIOHEALTH CORPORATION AN OHIO CORPORATION
OHIOHEALTH CORPORATION AN OHIO CORPORATION
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $1.0M +61.8%
Office building $655,000 +5.5%
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