2021 Lawndale AveFairborn, OH 45324

Property Details for 2021 Lawndale Ave

Year built

1990

Lot size

0.13 AC

Property size (Sq ft)

3,808 SF

Zone code

B-1

Property type

Retail properties

Property subtype

Other car washes

APN

A02-0002-0009.0-0121.00

APU

A02000200090012100

Description

This exceptional commercial land parcel, located at 2021 Lawndale Ave, Fairborn, OH 45324, presents a unique investment opportunity. Situated on a sizable lot ranging from 17,000 to 20,000 square feet, this property is zoned for commercial use and boasts a highly desirable location. The property's address is at the corner of Beaver Valley Road and Lawndale Ave, providing excellent visibility and accessibility. Previously occupied by a car wash, the existing structure remains sound, and significant equipment is still in place, potentially reducing start-up costs for a new business. The area is experiencing significant growth, with planned new development scheduled for the coming year, promising increased traffic and potential for higher property values. This presents a great opportunity for retail or office space, benefiting from its proximity to existing restaurants and shopping centers. While the property is currently zoned for commercial use, potential buyers should be aware that rezoning may be required depending on the intended use. The asking price for this prime commercial land is $295,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,074,125

  6.5%

  $991,500

  7%

  $920,678

• Comparable approach

  Method

  Valuation

  Relative Method

  $188,948

  Geo Method

  $188,948

• Alternative Use

  Use

  Valuation

  Residential

  $836,367

  Hospitality

  $766,108

  Educational

  $637,393

  Medical

  $659,314

  Retail

  $991,500

Location Insight

City

Fairborn

County

Greene

State

Ohio

Latitude

39.7871

Longitude

-84.0214

CBSA code

19430

CBSA name

DAYTON-KETTERING, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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