352 National RdVandalia, OH 45377

Property Details for 352 National Rd

Year built

1998

Lot size

1.31 AC

Property size (Sq ft)

4,074 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

B02 00111 0028

APU

B02001110028

Description

This 4,074-square-foot former fast-food restaurant presents a unique opportunity in Vandalia, Ohio. Located at 352 E National Rd, this single-tenant property sits on a 1.31-acre lot with excellent visibility and accessibility. The building, while needing some exterior work and landscaping, is currently vacant and ready for immediate occupancy. The previous tenant vacated less than a year ago. The property boasts 212 feet of frontage on National Road (US 40), a major thoroughfare with a reported 19,075 vehicles per day (VPD) according to ODOT. Its strategic location offers convenient access to I-75, just 0.28 miles away, ensuring high traffic volume and exposure. The property also features access via a traffic light at the rear. The building is suitable for immediate use or redevelopment. A drive-thru window could be incorporated into a new build, should demolition be preferred. Tenant improvement (TI) allowances are available, contingent upon the tenant's creditworthiness. The owner is open to considering a sale of the property. This is an exceptional opportunity for a business seeking high visibility and convenient access in a busy commercial area. The tenant will be responsible for all building maintenance and upkeep.

• CAP approach

  CAP return

  Valuation

  6%

  $1,149,156

  6.5%

  $1,060,759

  7%

  $984,990

• Comparable approach

  Method

  Valuation

  Relative Method

  $202,147

  Geo Method

  $202,147

• Alternative Use

  Use

  Valuation

  Residential

  $894,790

  Hospitality

  $819,623

  Educational

  $681,916

  Medical

  $705,369

  Retail

  $1,060,759

Location Insight

City

Vandalia

County

Montgomery

State

Ohio

Latitude

39.8907

Longitude

-84.1932

CBSA code

19430

CBSA name

DAYTON-KETTERING, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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