557 Main StEnglewood, OH 45322

Property Details for 557 Main St

Year built

1959

Lot size

6.08 AC

Property size (Sq ft)

30,797 SF

Property type

Retail properties

Property subtype

Other automotive properties

APN

M57 00202 0023

APU

M57002020023

Description

This exceptional 1.05-acre commercial land parcel, located at 557 Main St, Englewood, OH 45322, presents a unique investment opportunity. Currently configured as a mini golf course, this property boasts 45,738 square feet of vacant land zoned SPUD. Its prime location offers unparalleled visibility and accessibility, situated just off I-70 with convenient ingress and egress points. Benefitting from high daily traffic counts of 23,402 vehicles on South Main Street, this property enjoys significant exposure. Furthermore, its proximity to the Main on Main shopping center, which attracted 297,000 visitors in the past year, ensures a substantial customer base. Ample on-site parking further enhances convenience for patrons. This property's strategic location and high traffic volume make it ideal for a variety of commercial uses, offering significant potential for both immediate operation and future development. The current recreational use provides a solid foundation for continued operation or redevelopment into a new commercial venture. This is a rare opportunity to acquire a highly visible and accessible property in a thriving commercial area.

• CAP approach

  CAP return

  Valuation

  6%

  $8,370,504

  6.5%

  $7,726,619

  7%

  $7,174,718

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,440,284

  Geo Method

  $1,528,110

• Alternative Use

  Use

  Valuation

  Residential

  $6,517,692

  Hospitality

  $5,970,171

  Educational

  $4,967,112

  Medical

  $5,137,939

  Retail

  $7,726,619

Location Insight

City

Englewood

County

Montgomery

State

Ohio

Latitude

39.87

Longitude

-84.2972

CBSA code

19430

CBSA name

DAYTON-KETTERING, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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