8990 3Rd St New Lebanon, OH 45345
This exceptional 7,044 square foot church building, situated on a spacious 2.5-acre lot in New Lebanon, Ohio, presents a unique investment opportunity. Built in 1962, this two-story structure boasts a charming brick exterior and is zoned E. The property includes a sanctuary with seating for 256-300 people, equipped with a high-quality sound system and built-in speakers. A fully functional kitchen and fellowship hall are perfect for community gatherings. The building also features up to eleven classrooms, offices, a library, nursery, pastor's office, and five bathrooms. Included in the sale are chairs and tables. Additional amenities include a bell tower, a chair lift for accessibility, and a large parking lot with room for expansion. The property also features beautiful stained-glass windows, with a June 2021 replacement value estimate of $392,000. The asking price is $395,000, significantly below the insured replacement value of $1,827,950. Blueprints are available. Located in Jefferson Township with a New Lebanon address, the property utilizes city or county utilities. This property offers significant potential for continued religious use or adaptive reuse.
-
St Peters Lutheran Church Church
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
3 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.