100 Main StXenia, OH 45385

  • Retail properties
  • 13,104 SF
For Sale
$475,000 View listing

Property Details for 100 Main St

Year built
1971
Property size (Sq ft)
13,104 SF
Property type
Retail properties
Property subtype
Banks
APN
M40-0001-0007.0-0027.00
APU
M40000100070002700

Description

This 7,600 square foot, two-story building located at 100 W Main Street in Xenia, Ohio, is offered at $475,000 ($62.50/sq ft). Built in 1971, this former bank sits on a 0.37-acre lot and offers 15 parking spaces. The property enjoys a high-traffic location at the northwest quadrant of West Main Street (US 35 Business) and South Detroit Street (US 68), in the heart of downtown Xenia, the Greene County seat. Nearby retailers include national chains such as Family Dollar, Taco Bell, Wendy's, Sherwin Williams, Frisch's, US Bank, and Key Bank. West Main Street sees 13,766 vehicles per day, while South Detroit Street boasts 9,666 vehicles per day. This presents a unique opportunity for adaptive reuse in a vibrant commercial area. The building's size and location make it ideal for a variety of retail uses. The property's prominent position ensures high visibility and accessibility for potential customers. This is a rare opportunity to acquire a substantial commercial property in a thriving Ohio city.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,162,378
    6.5%
    $2,919,118
    7%
    $2,710,610
  • Comparable approach

    Method
    Valuation
    Relative Method
    $650,205
    Geo Method
    $650,205
  • Alternative Use

    Use
    Valuation
    Residential
    $2,462,386
    Hospitality
    $2,255,532
    Educational
    $1,876,576
    Medical
    $1,941,114
    Retail
    $2,919,118
100 Main St, Xenia, Ohio

Location Insight

City
Xenia
County
Greene
State
Ohio
Latitude
39.6852
Longitude
-83.9312
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
$18,599
$15,250
$338,160
$353,410
-
$43,560
$966,180
$1,009,740

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