Technical
Financial
Distress signals
Property profile

600 S Main St New Lexington, OH 43764

FOR SALE
Drive through restaurants
Property ID
US66-4896591
9,000 SF 0.52 ac lot
Entity Owned 4-yr Hold Free & Clear
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For Sale
Contact for pricing 9,000 SF
600 S Main St, New Lexington, OH 43764
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Construction METAL FRAME
Total area 9,000 SF
Lot 0.52 ac (22,651 SF)
APN 27-002586.0000
UPID US66-4896591

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

600 S Main St New Lexington, OH 43764
New Lexington metro Census 966200 COLUMBUS, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$380k

Owner & transaction history

since 2022
2 recorded transactions
2022
Price N/A
2022
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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