1700 Park SqXenia, OH 45385

Property Details for 1700 Park Sq

Year built

1994

Lot size

6.26 AC

Property size (Sq ft)

48,523 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

M40-0001-0055.0-0003.00

APU

M40000100550000300

Description

This exceptional retail property, W. Park Square Shopping Center, presents a compelling investment opportunity in the thriving Xenia, Ohio market. Located at 1700 W Park Square, Xenia, OH 45385, this single-story, 104,873 square foot shopping center boasts a prime location off Progress Drive, directly accessible from Business State Route 35 (W. Main Street). Built in 1994 and renovated in 2001, the center offers 14 suites, with 10,800 square feet currently available for lease. Spaces range from a minimum of 1,400 square feet to a maximum contiguous space of 3,000 square feet, providing flexibility for various retail concepts. The property benefits from ample parking with 596 spaces. This well-established center enjoys a strong tenant mix, including a Kroger anchor store, along with Rural King, Harbor Freight, Feeders Pet Supply, and Sally Beauty. Chipotle and Wright-Patt Credit Union are conveniently located in outparcel pads, further enhancing the center's appeal and drawing significant customer traffic. This is an excellent chance to acquire a piece of a successful, established retail center in a desirable location. The property offers immediate occupancy potential for businesses seeking high visibility and convenient access.

• CAP approach

  CAP return

  Valuation

  6%

  $11,697,808

  6.5%

  $10,797,976

  7%

  $10,026,692

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,407,653

  Geo Method

  $2,407,653

• Alternative Use

  Use

  Valuation

  Residential

  $9,108,497

  Hospitality

  $8,343,334

  Educational

  $6,941,556

  Medical

  $7,180,287

  Retail

  $10,797,976

Location Insight

City

Xenia

County

Greene

State

Ohio

Latitude

39.6894

Longitude

-83.9588

CBSA code

19430

CBSA name

DAYTON-KETTERING, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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