10,700 SF Value-Add Office/Warehouse Asset | 825 3rd Ave
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10,700 SF Value-Add Office/Warehouse Asset 825 3rd Ave
10,712 SF Vacant Office Building Online Auction Sale Gallipolis, OH 45631
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Investment Highlights
- 825 3rd Avenue is a 10,700-SF single-story commercial asset with office space, storage, and a warehouse, ideal for manufacturing or distribution.
- It features two loading docks, high ceilings, floor-to-ceiling windows, and ample paved parking, perfect for customizing to fit business needs.
- Gallia County offers a strong local workforce, proximity to major production hubs, and a lower cost of doing business than nearby metropolitan areas.
- Just 2.9 miles from US 35, the Silver Bridge, and key highways, with easy access to major Ohio markets like Columbus, Cincinnati, and Dayton.
- Situated near popular national retailers like Walmart Supercenter, McDonald’s, and Speedway, in the heart of Gallipolis’ main commercial corridor.
- With a cost of living 21% below the national average and many outdoor amenities, this area is ideal for business expansion and quality of life.
Executive Summary
825 3rd Avenue is a 10,712-square-foot, single-story commercial building in Gallipolis, Ohio, formerly home to the Gallipolis Daily Tribune. The vacant property is situated on a 0.764-acre lot and offers versatile office space, storage, and a spacious warehouse area with high ceilings, perfect for manufacturing or distribution. With two loading docks, ample paved parking, and dual frontage on both Second and Third Avenues, this property ensures easy ingress and egress. Investors and owners/users can add value to the asset by customizing the space to meet their business needs.
The property is ideally located just across Second Avenue from a newer Speedway gas station and within half a block from the busy intersection of State Routes 7 and 160. Its proximity to US 35, just 2.9 miles away, provides convenient access to major Ohio markets, including Columbus, Cincinnati, and Dayton. Additionally, the property is near the Silver Bridge, which connects Ohio to West Virginia. Nearby national retailers include Walmart Supercenter, McDonald’s, and Piggly Wiggly, creating a thriving retail environment. With a population of 31,146 within a 10-mile radius and a robust daytime employee population, the area boasts an experienced workforce.
Gallipolis, situated in Gallia County within the Ohio-West Virginia-Kentucky tri-state area, is well-positioned for business growth with connections to expanding markets like Columbus, Cincinnati, and the Raleigh/Durham area. With a cost of living 21% below the national average, the area offers lower operational costs than nearby metropolitan regions, making it an attractive option for businesses. Major production hubs in automotive and food manufacturing industries are within 30 minutes of the site. 825 3rd Avenue is an outstanding opportunity to secure a flexible, well-located property with significant market potential.
The property is ideally located just across Second Avenue from a newer Speedway gas station and within half a block from the busy intersection of State Routes 7 and 160. Its proximity to US 35, just 2.9 miles away, provides convenient access to major Ohio markets, including Columbus, Cincinnati, and Dayton. Additionally, the property is near the Silver Bridge, which connects Ohio to West Virginia. Nearby national retailers include Walmart Supercenter, McDonald’s, and Piggly Wiggly, creating a thriving retail environment. With a population of 31,146 within a 10-mile radius and a robust daytime employee population, the area boasts an experienced workforce.
Gallipolis, situated in Gallia County within the Ohio-West Virginia-Kentucky tri-state area, is well-positioned for business growth with connections to expanding markets like Columbus, Cincinnati, and the Raleigh/Durham area. With a cost of living 21% below the national average, the area offers lower operational costs than nearby metropolitan regions, making it an attractive option for businesses. Major production hubs in automotive and food manufacturing industries are within 30 minutes of the site. 825 3rd Avenue is an outstanding opportunity to secure a flexible, well-located property with significant market potential.
Data Room Click Here to Access
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Property Type
Building Size
10,712 SF
Building Class
C
Year Built
1967
Tenancy
Single
Building Height
1 Story
Typical Floor Size
10,712 SF
Building FAR
0.32
Land Acres
0.76 AC
Amenities
- High Ceilings
- Drop Ceiling
- Air Conditioning
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2024 Population
2,517
6,283
14,146
2020 Population
2,480
6,139
13,738
2029 Population
2,517
6,286
14,143
2024-2029 Projected Population Growth
0.0%
0.1%
0.0%
Daytime Employees
3,043
6,357
11,368
Total Businesses
327
635
1,389
Average Household Income
$61,686
$63,460
$62,303
Median Household Income
$44,616
$44,156
$42,814
Total Consumer Spending
$28.8M
$71.9M
$157.6M
Median Age
43.9
43.8
43.7
2024 Households
1,162
2,797
6,144
Percent College Degree or Above
12%
11%
10%
Average Home Value
$188,362
$192,874
$170,075
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $78,560 | |
| Land Assessment | $78,670 | Total Assessment | $157,230 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$78,670
Improvements Assessment
$78,560
Total Assessment
$157,230
Sale Advisor
Sale Advisor
Matthew Ray
(855) 628-8729
Contact
Matt Ray, principle broker of Sherlock Homes Realty, has worked in real estate sales since 2013 and has worked in real estate-related industries since 1993. With 10+ years of listing experience and a background in photography, graphic design, and architectural drawing, he has the expertise to sell your home quickly and for top dollar. He is a recipient of the 2024 Ohio Realtors President's Sales Club Award of Distinction (a sales volume honor awarded to less than the top 3% of Ohio Realtors this year). More importantly, he is known as a strong client advocate. Read his reviews from past and current clients on Zillow, Google, or his company's website and social media pages.
Matt established Sherlock Homes Realty with the goal of providing consumers in south and southeastern Ohio an alternative to the traditional real estate brokerage. Sherlock Homes Realty always puts their valued clients’ interests first. Period. They also know that their clients are frequently in a state of transition, whether that transition is related to the sale of a long-time residence or the purchase of a home in an area new to them, they know clients depend on them to be reliable, available, and supportive guides from the beginning of their transition and beyond. Whether you're a first-time buyer looking for advice and the smoothest transition possible from renting to buying or a savvy seller looking for only the best in real estate marketing, advertising, and representation, look no further. Let the team at Sherlock Homes Realty put its work ethic, knowledge, and experience in your corner today. Their solemn promise to all clients is to treat the purchase or home sale as if it were their very own. Sherlock Homes Realty serves Gallia, Jackson, and surrounding counties. Their connections with and ties to those communities make them exceptionally qualified to help clients achieve their goals. Whether you're looking to move down the street, out into the country, or even out of town, they will make you feel welcome, see your transition through, and be there for you after it is over.
Matt established Sherlock Homes Realty with the goal of providing consumers in south and southeastern Ohio an alternative to the traditional real estate brokerage. Sherlock Homes Realty always puts their valued clients’ interests first. Period. They also know that their clients are frequently in a state of transition, whether that transition is related to the sale of a long-time residence or the purchase of a home in an area new to them, they know clients depend on them to be reliable, available, and supportive guides from the beginning of their transition and beyond. Whether you're a first-time buyer looking for advice and the smoothest transition possible from renting to buying or a savvy seller looking for only the best in real estate marketing, advertising, and representation, look no further. Let the team at Sherlock Homes Realty put its work ethic, knowledge, and experience in your corner today. Their solemn promise to all clients is to treat the purchase or home sale as if it were their very own. Sherlock Homes Realty serves Gallia, Jackson, and surrounding counties. Their connections with and ties to those communities make them exceptionally qualified to help clients achieve their goals. Whether you're looking to move down the street, out into the country, or even out of town, they will make you feel welcome, see your transition through, and be there for you after it is over.
About the Auction Platform
Ten-X Commercial is the leading end-to-end digital transaction platform for commercial real estate. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
Read More
Auction Contact
Mary Humphreys
Contact
Auctioneer License:
Ten-X Commercial, LLC Samantha Corbat RE Brkr REC.2019003563; Ohio Department of Agriculture- Auctioneer Program: Ten-X Commercial, Inc. (Ten-X, Inc.) Auctioneer Corporation 2022000147 Samantha Corbat Auctioneer 2023000126
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Matthew Ray - Sherlock Homes Realty
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Transaction Fee Schedule
Based on Percentage of Winning Bid Amount.
Winning Bid Amount
Transaction Fee
$0m to < $1m
5.00% ($20,000 min)
$1m to < $3m
3.00%
$3m to < $5m
2.50%
$5m to < $10m
2.25%
$10m to < $15m
2.00%
$15m to < $25m
1.75%
$25m to < $35m
1.50%
$35M to < $45M
1.00%
$45M to < $55M
0.75%
$55M and Up
0.50%
Example Calculation
Winning Bid Amount
$4,000,000
Transaction Fee
$100,000 (2.5%)
Total Purchase Price
$4,100,000
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Sherlock Homes Realty
10,700 SF Value-Add Office/Warehouse Asset | 825 3rd Ave
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10,700 SF Value-Add Office/Warehouse Asset | 825 3rd Ave
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