2366 Dixie DrKettering, OH 45409

Property Details for 2366 Dixie Dr

Year built

1947

Construction

FRAME

Lot size

0.13 AC

Property size (Sq ft)

1,152 SF

Property type

Retail space

APN

N64 00303 0055

APU

N64003030055

Description

This exceptional investment opportunity presents a 1,152 square foot, freestanding commercial building located at 2366 S Dixie Dr, Dayton, OH 45409, in Kettering's thriving Montgomery County. The property, built in 1947, features two units, each with a half bath, and a full basement also containing a half bath. The single-story building sits on a 5,602 square foot lot and offers nine parking spaces, ensuring ample customer and employee parking. The property boasts excellent signage and visibility, benefiting from its strategic location in a high-traffic area with convenient access to I-75 and US 35. The building features large display windows, allowing abundant natural light. Central air and heating are installed. The property is currently vacant and zoned B Business - General Business, making it suitable for a variety of retail or office uses. The asking price is $199,900, representing a price per square foot of $173.52. This sale is structured as a sale/leaseback. The property's well-maintained condition, combined with its prime location and strong demographics, presents a compelling investment opportunity with significant potential for growth. Nearby amenities include schools and parks. The property's high visibility and convenient location, coupled with its ample parking and versatile zoning, make it an ideal choice for a variety of businesses. The average daily traffic count is 17,034.

• CAP approach

  CAP return

  Valuation

  6%

  $312,453

  6.5%

  $288,418

  7%

  $267,817

• Comparable approach

  Method

  Valuation

  Relative Method

  $57,161

  Geo Method

  $57,161

• Alternative Use

  Use

  Valuation

  Residential

  $243,292

  Hospitality

  $222,854

  Educational

  $185,412

  Medical

  $191,788

  Retail

  $288,418

Location Insight

City

Dayton

County

Montgomery

State

Ohio

Latitude

39.7206

Longitude

-84.197

CBSA code

19430

CBSA name

DAYTON-KETTERING, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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