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Property profile & analytics
FOR LEASE
Showrooms

701 Main St Dresden, OH 43821

11,574 SF 0.2 ac lot Built 1925
Entity Owned 8-yr Hold ~ Est. High Equity
Property ID
US66-3485637
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1925
Total area 11,574 SF
Lot 0.2 ac (8,712 SF)
APN 33-30-10-01-000
UPID US66-3485637
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
L R Real Estate Ventures LLC · 8 yrs held
L R Real Estate Ventures LLC
since 2018
5 recorded transactions
2021
Price N/A
2018
Price N/A
2018
$220,000
2014
$235,000
2012
$128,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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