301 Kienle DrPiqua, OH 45356

  • Retail properties
  • 11,236 SF
For Lease
$7.50/SF/YR View listing

Property Details for 301 Kienle Dr

Year built
1984
Lot size
2.54 AC
Property size (Sq ft)
11,236 SF
Property type
Retail properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
301 Kienle Dr, Piqua, Ohio

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$31,388
$54,180
$480,380
$534,560
-
$154,800
$1,372,500
$1,527,300

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