Technical
Financial
Distress signals
Property profile

355 Main St Lexington, OH 44904

OFF-MARKET
Retail space
Property ID
US66-2136766
11,935 SF 2.03 ac lot Built 2007
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional freestanding retail property, formerly a Rite Aid, presents a unique investment opportunity in Lexington, Ohio. The building boasts a substantial 14,564 square feet of vacant space, situated on a generous 2.23-acre lot. Its prime location at 355 E Main St, in Richland County, offers excellent visibility and accessibility for any business. The property's single-tenancy configuration provides flexibility for a wide range of retail uses. The asking price for this turnkey property is $1,700,000. This represents a significant opportunity to acquire a well-located, sizable retail building in a thriving community. The property's size and location make it ideal for a variety of retail concepts, offering ample space for inventory, display, and customer service. The expansive lot provides ample parking and potential for future expansion or outdoor amenities. The property is zoned for commercial use and is ready for immediate occupancy. Its previous use as a pharmacy suggests strong potential for similar businesses or those requiring significant square footage. This is a rare opportunity to acquire a substantial retail property in a desirable location. Serious inquiries are encouraged. The property is located in Lexington, Ohio, zip code 44904.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2007
Total area 11,935 SF
Lot 2.03 ac (88,518 SF)
APN 048-27-190-56-000
UPID US66-2136766

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
  • Dental Office
  • Pharmacy
  • Bank Credit Union
  • Dental Office
  • Dental Office

Location

355 Main St Lexington, OH 44904-1336
Lexington metro Census 2200 MANSFIELD, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.78M
Comparable Approach Comparable
$1.17M
Blend (final) Blend
$470k

Owner & transaction history

Zoning & alternative use

Top alternative use upside
Restaurant $1.2M +66.7%

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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