600 Main St New Lexington, OH 43764-1533
This exceptional retail property at 600 S Main Street, New Lexington, OH 43764, presents a lucrative investment opportunity. Priced at $240,000, this 22,651.2 sq ft lot features a 1968-built main building currently operating as an ice cream shop, complete with a newer exhaust hood and Ansul fire suppression system. Two restrooms and a convenient drive-thru window cater to customer needs. The property's high-traffic corner location makes it ideal for a variety of uses, including a convenience store, gas station, coffee shop, beauty salon, donut shop, or continued operation as an ice cream parlor. Adding to its potential, the property includes two older mobile homes, one significantly expanded by an Amish builder to approximately 1400 square feet. While requiring repairs, these offer potential for additional rental income. A single water tap services all three buildings. The main building boasts a rubber roof. Any existing equipment is included in the sale, as-is. This property offers significant potential for a savvy investor seeking a strong return, particularly for retirement planning.
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
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.