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Property profile & analytics
OFF-MARKET Estimated value $1,475,000
Retail space

355 Main St Lexington, OH 44904-1336

11,935 SF 2.03 ac lot Built 2007
Entity Owned Absentee Owner Free & Clear
Property ID
US66-2136766
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Lexington Dental Partners Dental Office
  • Rite Aid Pharmacy Pharmacy
  • Western Union Bank Credit Union
  • Lexington Dental Partners: Merrill Heather L DDS Dental Office
  • Lexington Dental Partners: Swanson Lisa S DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.78M
Comparable Approach Comparable
$1.17M
Blend (final) Blend
$1.48M
Owner & transaction history
BREITKOPF JACK LLC A NEW YORK LIMITED LIABILITY CO
BREITKOPF JACK LLC A NEW YORK LIMITED LIABILITY CO
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $1.2M +66.7%
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