701 Main St Dresden, OH 43821
For Lease
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This exceptional 23,175 square foot mixed-use building at 701 Main Street, Dresden, OH, presents a unique investment opportunity. Situated on a 0.2-acre lot, this three-story property boasts significant historical charm and modern conveniences. The first floor, retaining much of its original woodwork and trim, is currently home to several small businesses, including a soon-to-open deli, a nail salon, a massage salon, and a photography studio. A fitness center also occupies space within the building. The second floor is partially renovated, offering immediate occupancy potential, while the expansive third floor provides a blank canvas for future development. Both passenger and freight elevators service all three floors, enhancing accessibility and functionality. The building's rich history includes a past life as a hotel, and a later expansion by The Longaberger Company, which added a three-story addition and the elevators, anticipating future growth. This versatile property offers immense potential for a variety of uses, including an event center, residential conversion, or expansion of existing businesses. Priced at $650,000, this is a rare chance to acquire a substantial commercial property in a desirable location with significant upside potential. The current multi-tenant setup provides immediate income generation, while the substantial space and flexible layout allow for significant future expansion and adaptation.
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
Similar Nearby for Lease
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.