For Sale
$2,300,000

5114 Salem Ave Dayton, OH 45426

141,616 SF Vacant Shopping Center, $2.3M

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional 141,616-square-foot vacant shopping center presents a significant redevelopment opportunity in Dayton, Ohio. Located on a substantial 16.86-acre lot, this single-story, 1968-built property underwent renovations in 1996. Previously anchored by Burlington, it offers a compelling investment at $2,300,000, significantly below replacement cost, translating to $16.24 per square foot of land value. The property boasts excellent freeway access, situated just 3 miles south of I-70 and 4.5 miles west of I-75, ensuring high visibility and convenient access. The large parcel size allows for diverse development options, including potential outdoor storage or further land monetization. Annual real estate taxes are $40,378. This prime location in Montgomery County, at 5114 Salem Ave, Dayton, OH 45426, offers unparalleled potential for investors seeking a high-impact project. The property's size and strategic location make it ideal for a variety of retail or redevelopment projects. Don't miss this chance to acquire a substantial asset in a thriving market.

Highlights

  • Former Burlington-anchored big-box retail center, priced significantly below replacement cost at $16.24 PSF.
  • ±16.80-acre site offering potential for outdoor storage or future development.
  • Offered significantly below replacement cost.
  • Convenient freeway access: 3 miles south of I-70 and 4.5 miles west of I-75.
  • Annual real estate taxes: $40,378.

Property Details for 5114 Salem Ave

Property type
Lifestyle centers, Power centers
Square Feet
141,616 SF
Year Built/Renovated
1968/1996
Buildings
1
Stories
1
Lot Size (sq. ft)
734,422 SF

Location Insight

City
Dayton
County
Montgomery
State
Ohio
Latitude
39.8156092
Longitude
-84.2775273

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FAQs

What type of property is this?
Lifestyle center - 141,616 SF Vacant Shopping Center, $2.3M
Where is the lifestyle center located?
The property is located at 5114 Salem Ave Dayton, OH.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Former Burlington-anchored big-box retail center, priced significantly below replacement cost at $16.24 PSF.; ±16.80-acre site offering potential for outdoor storage or future development.; Offered significantly below replacement cost.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
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Contacts

Jonah Yulish
Jonah Yulish
Matthew Wallace
Matthew Wallace
Visit Broker Website

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Useful Information

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Salem Ave
Dayton, OH 45426

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Salem Ave
Dayton, OH 45426

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

5114 Salem Ave
  • Jonah Yulish
    Jonah Yulish
  • Matthew Wallace
    Matthew Wallace
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