78 Lexington Ave
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78 Lexington Ave
3,308 SF Retail Building Mansfield, OH 44907 $350,000 ($106/SF)
Investment Highlights
- .56 acre redevelopment site on Lexington Avenue in Mansfield
- 5 total contiguous parcels
- 3,070 SF former retail shop, 4,138 SF former Floral Garden Florist and 2 car block garage
- Dollar General Store on Northern side of property
Executive Summary
Fantastic opportunity for a .56-acre redevelopment commercial property in Mansfield. 5 total parcels cornering Lexington/Mulberry & Mendota. Multiple access points. 78 Lexington - 3,070 SF former retail. 74 Lexington - 4,138 SF former Floral Garden Florist. Additional 3 parcels behind the Floral parking area (see aerial photos) include a 2-car block garage. Dollar General on the northern side of the property on Lexington Avenue. The property is zoned B1 - Neighborhood Business District. The highest and best use is retail. MORPC traffic counts 9 - 11,000 daily. Properties being sold where-is, as-is. Unique opportunity for a redevelopment site. It is rare on major traffic arteries with excellent access points. The asking price for all 5 properties and improvements is $350,000.
Taxes & Operating Expenses (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
Taxes & Operating Expenses (Actual - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,308 SF
Building Class
C
Year Built
1950
Price
$350,000
Price Per SF
$106
Tenancy
Single
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.53
Land Acres
0.14 AC
Opportunity Zone
Yes
Zoning
B1 - Neighborhood Business District
Parking
10 Spaces (3.02 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
Walk Score ®
Very Walkable (73)
PROPERTY TAXES
| Parcel Number | 027-01-085-12-000 | Total Assessment | $12,270 (2023) |
| Land Assessment | $1,680 (2023) | Annual Taxes | ($3,308) (($1.00)/SF) |
| Improvements Assessment | $10,590 (2023) | Tax Year | 2024 Payable 2024 |
PROPERTY TAXES
Parcel Number
027-01-085-12-000
Land Assessment
$1,680 (2023)
Improvements Assessment
$10,590 (2023)
Total Assessment
$12,270 (2023)
Annual Taxes
($3,308) (($1.00)/SF)
Tax Year
2024 Payable 2024
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78 Lexington Ave
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