355 Main St Lexington, OH 44904-1336
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.
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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
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.