202 Belmont AveSpringfield, OH 45505

For Sale
$350,000

Profitable Salon, Expansion Potential

Overview

Added:
Feb 3
Days on market:
39
This 4,380 square foot commercial property at 202 S Belmont Avenue, Springfield, OH, presents a unique investment opportunity. Currently generating $3,000 monthly income from seven full-time and one part-time salon booth leases (month-to-month), this brick ranch offers significant upside potential. The property features a full basement, easily adaptable to create two separate commercial units. A large parking lot provides ample space for clients and employees. Recent upgrades include a new roof (2023), updated heating and cooling systems (2021), and a recently resealed parking lot (2024, $37,500 investment). The building has undergone cosmetic remodeling. An adjacent 0.23-acre commercially zoned lot is available for an additional $30,000, allowing for expansion possibilities, including additional office space or a multi-unit apartment building. This property is ideally suited for a medical professional or salon owner seeking expansion, offering a strong return on investment and significant flexibility. The property is priced at $350,000.

Property Details for 202 Belmont Ave

Property type
Other commercial real estate
Square Feet
4,380 SF
Year Built
1955
Lot Size (sq. ft)
10,019 SF

Location Insight

City
Springfield
County
Clark
State
Ohio
Latitude
39.92115
Longitude
-83.77953
202 Belmont Ave, Springfield, Ohio

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202 Belmont Ave
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