301 Kienle DrPiqua, OH 45356

Property Details for 301 Kienle Dr

Year built

1984

Lot size

2.54 AC

Property size (Sq ft)

11,236 SF

Property type

Retail space

APN

N44-074755

APU

N44074755

Description

This exceptional 4,000 square foot office space, located at 301 Kienle Dr Unit B in Piqua, Ohio, presents a unique investment opportunity. Situated on a 2.5-acre lot (110,511 sq ft) with over 225 parking spaces, this single-tenant property boasts a highly visible location at a signalized intersection with major retailers like Walmart and Home Depot, ensuring significant regional draw from Miami and Northern Montgomery Counties. The building, constructed in 1984 and extensively renovated in 2023, offers a total of 10,700 square feet, with Unit B providing a 4,000 square foot raw shell space. This space features a 12-foot ceiling height, an open floor plan, and existing restrooms and plumbing. Previous tenant improvements provide a solid foundation for build-out. The property is zoned CX-Corridor Mixed Use (APN: N44074755), allowing for diverse uses. The building's exterior and facade underwent a complete renovation between 2022 and 2023, resulting in a Class A+ appearance. Access is available from both Kienle Drive and Garbry Road. The asking price is $7.50 per square foot, plus NNN charges, with incentives including up to six months of free rent available. This property offers a blend of prime location, modern amenities, and flexible space, making it ideal for a variety of businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $3,169,345

  6.5%

  $2,925,549

  7%

  $2,716,581

• Comparable approach

  Method

  Valuation

  Relative Method

  $557,517

  Geo Method

  $557,517

• Alternative Use

  Use

  Valuation

  Residential

  $2,467,810

  Hospitality

  $2,260,501

  Educational

  $1,880,710

  Medical

  $1,945,391

  Retail

  $2,925,549

Location Insight

City

Piqua

County

Miami

State

Ohio

Latitude

40.149

Longitude

-84.2081

CBSA code

19430

CBSA name

DAYTON-KETTERING, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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