5850 Dixie HwyFairfield, OH 45014

Property Details for 5850 Dixie Hwy

Year built

1976

Lot size

0.89 AC

Property size (Sq ft)

6,276 SF

Property type

Retail properties

Property subtype

Other automotive properties

APN

A0700-090.000-014

APU

A0700090000014

Description

This 6,276 square foot retail building, situated on a 0.89-acre lot at 5850 Dixie Highway in Fairfield, Ohio (zip code 45014), is offered for sale at $1,200,000 ($191/sq ft). Built in 1976 and zoned C-3A, the property boasts excellent visibility on Dixie Highway (SR 4) and provides up to 90 parking spaces. The building features four drive-in doors (two 12'x12', one 10'x10', and one 10'x14'), a 300-amp service, floor drains with a grease trap and backflow preventer, and airline systems throughout. Internal improvements include two 9,000 lb. lifts (one inground, one two-post), four offices, a kitchenette, three restrooms, and two mezzanines (not included in the square footage). Exterior upgrades include all new LED lighting. Radiant overhead heaters are also present. This property presents a strong investment opportunity due to its high visibility, ample parking, and versatile interior layout.

• CAP approach

  CAP return

  Valuation

  6%

  $1,091,611

  6.5%

  $1,007,641

  7%

  $935,667

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,964,129

  Geo Method

  $1,964,129

• Alternative Use

  Use

  Valuation

  Residential

  $849,983

  Hospitality

  $778,580

  Educational

  $647,769

  Medical

  $670,047

  Retail

  $1,007,641

Location Insight

City

Fairfield

County

Butler

State

Ohio

Latitude

39.3301

Longitude

-84.5162

CBSA code

17140

CBSA name

CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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