202 Belmont AveSpringfield, OH 45505

For Sale
$350,000

Versatile Office Space; High Income Potential

Overview

Added:
Dec 11, 2024
Days on market:
92
This Springfield, Ohio commercial property, located at 202 S Belmont Ave, 45505, presents a unique investment opportunity. The 4,380 square foot, single-story brick building sits on a large lot with ample parking. Currently configured as a hair salon with seven full-time and one part-time leased booths generating $3,000 monthly income (month-to-month leases), this property offers significant upside potential. Recent upgrades include a new roof (2023), updated heating and cooling (2021), and a resealed parking lot (2024, $37,500 investment). The interior has undergone cosmetic remodeling. The building's zoning permits commercial use, and its adaptable layout allows for conversion back into two separate office units or other commercial ventures. An adjacent commercially zoned lot is available for an additional $30,000, offering expansion possibilities. This property is ideal for a medical professional, salon owner seeking expansion, or an investor looking for strong rental income and future development potential. The asking price is $350,000 ($79.91/sq ft).

Highlights

  • $350,000 asking price for this Springfield, Ohio office building.
  • 4,380 square feet on a single story building, with a price per square foot of $79.91.
  • Located at 202 S Belmont Ave, Springfield, OH 45505, in Clark County.
  • Currently generating $3,000/month in rental income from month-to-month tenants.
  • Recent upgrades include a new roof (2023), HVAC (2021), and resealed parking lot (2024).

Property Details for 202 Belmont Ave

Property type
Other office properties, Medical offices
Square Feet
4,380 SF
Buildings
1
Stories
1

Location Insight

City
Springfield
County
Clark
State
Ohio
Latitude
39.9211694
Longitude
-83.7795235
202 Belmont Ave, Springfield, Ohio

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202 Belmont Ave
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