Property profile

429 S Limestone St Springfield, OH 45505

FOR SALE
Retail space
Property ID
US66-2573215
1,872 SF 0.56 ac lot Built 1950
Individually Owned 13-yr Hold Free & Clear
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429 S Limestone St, Springfield, OH 45505 For Sale
Contact for pricing 1,872 SF
429 S Limestone St, Springfield, OH 45505
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Property summary

AI-generated overview

This exceptional special-purpose property, located at 429 S Limestone Street in Springfield, Ohio, presents a unique investment opportunity. Situated on a substantial 24,393.6 square foot corner lot, this property boasts unparalleled visibility at the busy intersection of S. Limestone St, West Pleasant St, Spring St, and Selma Road. Currently operating as a car lot, the property includes two service bays, a spacious office, a medium-sized storage room, and one bathroom. The existing infrastructure allows for efficient operations, and there's potential to add a second bathroom to enhance functionality. Two convenient driveways provide easy access for customers and inventory management. The asking price is $290,000, translating to $154.91 per square foot. This property's high-traffic location and existing improvements make it ideal for a variety of uses, offering significant potential for return on investment. The property's size and strategic placement offer considerable flexibility for future development or continued operation as a car lot. The existing building provides immediate income potential, while the expansive lot allows for potential expansion or redevelopment. This is a rare opportunity to acquire a well-positioned commercial property in a thriving Ohio market. The property is zoned for commercial use and is ready for immediate occupancy. Serious inquiries are encouraged.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1950
Construction FRAME
Total area 1,872 SF
Lot 0.56 ac (24,437 SF)
APN 340-07-00034-130-016
UPID US66-2573215

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
  • Church Mosque

Location

429 S Limestone St Springfield, OH 45505
Springfield metro Census 3400 SPRINGFIELD, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$80k

Owner & transaction history

since 2012
2 recorded transactions
2012
$28,800
2008
Price N/A

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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