Technical
Financial
Distress signals
Property profile

78 Lexington Ave Mansfield, OH 44907

OFF-MARKET
Retail space
Property ID
US66-1627241
3,070 SF 0.14 ac lot Built 1950
Entity Owned 10-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional Mansfield, Ohio property presents a unique redevelopment opportunity encompassing a total of 5 parcels totaling 0.56 acres. Strategically located on the corner of Lexington and Mulberry/Mendota Avenues, this site boasts multiple access points and high visibility. The main building at 78 Lexington Avenue offers 3,070 square feet of former retail space, while the adjacent 74 Lexington Avenue building comprises 4,138 square feet, previously occupied by a florist. Three additional parcels behind the florist building include a two-car block garage. The property is zoned B1 (Neighborhood Business District), making it ideal for retail development. With a daily traffic count of 9,000-11,000 vehicles (per MORPC), this location offers unparalleled exposure. The asking price of $350,000 includes all five parcels and existing improvements, sold as-is, where-is. The property features a total building square footage of 7,208 square feet, with 3 units, built in 1950, and sits on a 6,098.4 square foot lot. Currently vacant, this site presents a rare chance to capitalize on a high-traffic location in a thriving business district. The property is situated near a Dollar General, further enhancing its commercial viability.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1950
Total area 3,070 SF
Lot 0.14 ac (6,251 SF)
APN 027-01-085-12-000
UPID US66-1627241

Cap rate & NOI

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

Location

78 Lexington Ave Mansfield, OH 44907-1217
Mansfield metro Census 500 MANSFIELD, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$220k

Owner & transaction history

since 2016
2 recorded transactions
2016
$20,000
2013
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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