Property summary
This exceptional 0.74-acre pad-ready site in Salem, Ohio, presents a unique opportunity for retail development. Located at 2842 E State St, 44460, this C-2 zoned property boasts a highly visible location with direct access to East State Street and a traffic signal from State Route 14, ensuring excellent visibility and accessibility. The site offers a maximum buildable area of 5,000 square feet and is equipped with all necessary utilities, including a complete stormwater management system. The property features a striped and curbed parking lot with lighting, and a prepared gravel building pad. A reciprocal easement agreement with the adjacent Advance Auto Parts allows shared access, but restricts the sale of auto parts on this site. Ohio Department of Transportation reports a daily traffic count of 9,357 vehicles, indicating high potential for customer traffic. This turnkey site is ideal for an owner-user seeking a convenient and well-prepared location to establish their business. The asking price for this exceptional opportunity is $200,000. The property is owned by WXZ Retail Group/Salem.
Property profile
VerifiedCap rate & NOI
Current use
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Auto Parts Store
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Courier Service Postal Service
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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