1541 SR 7 N - Gallipolis, OH 45631 | 1523 SR 7 N
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1541 SR 7 N - Gallipolis, OH 45631 1523 SR 7 N
4,992 SF 100% Leased Retail Building Gallipolis, OH 45631 $499,999 ($100/SF)
INVESTMENT HIGHLIGHTS
- Within 2.5 miles of Gallia-Meigs Regional Airport
- Located within 17 miles of Nucor Steel of WV
- Daily Traffic Count 10,000 (+/-)
- Located within 4 miles of Kyger Creek and Gavin Power Plants.
- Located 1.5 miles from US 35 and the Silver Memorial Bridge spanning the Ohio River
- 2.77 flat acres allowing room for expansion. 287 Feet Road Frontage
EXECUTIVE SUMMARY
This commercial property is located on State Rt 7 just 1.5 miles North of the Silver Memorial Bridge & SR 35 placing it in a prime, high traffic area. Featuring 2.7 acres (m/l) of flat land and 287 feet of road frontage along Route 7, this property offers numerous development possibilities for potential buyers. Positioned 4 miles from the power plants and 17 miles from Nucor Steel of West Virginia providing an excellent business/industrial location or for a much needed multi-family complex. The Commercial building was home to a successful truck accessories and auto glass business for many years. The Building offers opportunity for a variety of uses. Also included are 2 Rental homes, which are currently rented with tenants that have been there for years and are willing to stay. Current rental income for each home is $700/month with tenants paying all utilities. Total square footage listed above is for all 3 buildings combined. Commercial building sf: 2176, Rental home #1: 1856 & #2: 960. Contact your Realtor for more info and a private showing.
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
4,992 SF
Building Class
C
Year Built
1948
Price
$499,999
Price Per SF
$100
Percent Leased
100%
Building Height
1 Story
Zoning
Commercial
NEARBY MAJOR RETAILERS
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1541 SR 7 N - Gallipolis, OH 45631 | 1523 SR 7 N
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