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Zack Ruff

zack@wisemanrealestate.com +1(740) 245-2628

$ 1,495,000

Est. payment -/mo

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240 Third Ave Gallipolis, OH 45631

2 Baths

28,400 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Office Building, Investment Property (Rental)

Listing Status Active

Purchase Type For Sale

Square Footage 28,400 sqft

Price per Sqft $52

MLS Listing ID 2435692

Year Built 1968

Annual Tax Amount $9,330

Lot Size 0.970 Acres

Property Sub-Type Office Building, Investment Property (Rental)

Property Description

A well-maintained, stabilized investment in the heart of downtown Gallipolis! Looking to deploy capital before year-end or complete a 1031 exchange? This ±28,400 SF two-story commercial building at 240 Third Avenue is anchored by an established tenant that has operated from the property for over a decade, providing an investor with income in place from day one.The building has been thoughtfully maintained and recently improved, including a new 10-ton HVAC system (2026), roof repairs (2026), a resealed and restriped parking lot (2024), and a first-floor sprinkler system. Quality, updated systems give an incoming owner added confidence in the long-term value of the asset. Set on a full city-block site with frontage on both Third and Fourth Avenues, the property offers approximately 34,000 SF of on-site paved parking, an uncommon amenity for a downtown building of this size. Located just blocks from the Ohio River waterfront and historic business district. A strong combination of condition, location, and stability in a growing river town.

Location

State OH

County Gallia

Zoning Commercial

Interior

Interior Features Accessibility Features, Flooring- Carpet, Flooring- Tile

Heating Forced Air-Gas

Cooling Central Air

Exterior

Exterior Feature Sprinkler System, Outdoor Lighting

Utilities Available Water: City/Public, Internet-Wireless, Natural Gas, Sewer: Municipal, Garbage Collection, Internet-Cable, Power: AEP

Roof Type Flat

Building

Foundation Concrete Block

Structure Type Brick, Concrete Block

Listed by Wiseman Real Estate