140 S River St - Specialty FOR SALE


Franklin, OH 45005
$500,000 USD
937-545-4015
140 S River St, Franklin, OH for Sale
$500,000 USD
Specialty - FOR SALE
1/32
null | Request Cap Rate

140 S River St
Franklin, OH 45005


HIGHLIGHTS

  • The second-generation cycle garage in the town of Franklin is a well known establishment
  • Ideal location along the Great Miami River
  • Significant average daily traffic count, with an average of 1,444 vehicles passing by according to ODOT's 2022 surveys

OVERVIEW

The second-generation cycle garage in the town of Franklin is a well known establishment. It offers a spacious shop area of over 2,200 square feet, which is currently divided into a workshop, retail space, and an office. The garage is conveniently located on River Street, benefiting from a high traffic count. It is also a part of the "Downtown Franklin Revitalization Project," indicating a positive trend towards development and growth in the area. The property's location along the Great Miami River provides additional appeal, as new businesses, homes, restaurants, outdoor parks, and living spaces are being established nearby. This development creates a desirable environment for potential customers and residents alike. The owner of the garage is retiring and relocating, which presents an opportunity for someone interested in automotive and commercial ventures to start their own venture in a well known and highly visible area. With a total area of 2,233 square feet, this property offers ample space for various automotive activities. The garage sits on a land area of approximately 0.646 acres, providing room for potential expansion or additional uses. Additionally, the property benefits from a significant average daily traffic count, with an average of 1,444 vehicles passing by according to ODOT's 2022 surveys. Overall, this second-generation cycle garage presents a promising opportunity for a new owner to continue the business in a thriving location as part of a revitalization project.

FOR SALE DETAILS

PRICE

$500,000 USD

PRICE/SF

$224 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

OD's Cycle Shop

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

1961

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.64 AC

LAND SF

27,878 SF

ZONING

Commercial

APN/PARCEL ID

04-32-379-025

ASK ABOUT THIS PROPERTY

Susan EssexRE/MAX Victory + AffiliatesMore Info
937-545-4015

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Susan EssexRE/MAX Victory + AffiliatesMore Info
937-545-4015

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.