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1240 E Main St
Springfield, OH 45503
Value-Add Professional Office with Cash Flow · Office Property For Sale
Investment Highlights
- 1240 E Main Street is a modern, 10,098-SF, three-story office building in Springfield, Ohio, suitable for investors.
- Located in a submarket with just 2.1% vacancy and 2% annual rent growth, there is strong demand and minimal new competition.
- Convenient access to highways, retail, top dining, Wittenberg University, and major health and cultural attractions boosts appeal.
- Property is 36% occupied, generating income with value-add potential by leasing out the remaining high-quality office space.
- Tenants enjoy excellent visibility, prominent signage, and abundant parking for 44 vehicles on a 0.61-acre lot.
- Springfield's growing population of 83,000 and strong service workforce provide an ideal base for office tenants and investors.
Property Facts
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Office
Property Subtype
Building Size
10,098 SF
Building Class
C
Year Built
1964
Percent Leased
36%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
3,366 SF
Slab To Slab
11’
Building FAR
0.38
Lot Size
0.61 AC
Parcel Number
34-00700-02932-4017
Zoning
CO-1
Parking
44 Spaces (4.36 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
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