651 Lyons RdDayton, OH 45459

Property Details for 651 Lyons Rd

Year built

1989

Construction

FRAME

Lot size

18.38 AC

Property size (Sq ft)

182,856 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

O67 28813 0003

APU

O67288130003

Description

This exceptional commercial property, located at 651 Lyons Rd in Dayton, Ohio, presents a significant opportunity for retail businesses seeking a prominent location in Montgomery County. The property, known as Washington Park Plaza, offers a single-tenant space encompassing a substantial 16,196 square feet. The entire building is currently vacant, providing a blank canvas for a new tenant to customize the space to their exact specifications. The property type is classified as both retail and land, suggesting potential for various development options. The lot size ranges from 1,200 to 1,800 square feet, offering ample space for outdoor displays or additional building structures, subject to zoning regulations. The property's address is conveniently situated at 651 Lyons Rd, Dayton, OH 45459, within the vibrant Dayton market. This presents a unique chance to establish a strong retail presence in a well-established area. The property's size and location make it ideal for a variety of retail concepts, from large-format stores to smaller boutiques. Interested parties are encouraged to explore the potential of this significant retail opportunity. The property is available for lease. Further details regarding zoning and development possibilities are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $42,584,420

  6.5%

  $39,308,696

  7%

  $36,500,932

• Comparable approach

  Method

  Valuation

  Relative Method

  $35,674,480

  Geo Method

  $9,073,095

• Alternative Use

  Use

  Valuation

  Residential

  $33,158,354

  Hospitality

  $30,372,874

  Educational

  $25,269,876

  Medical

  $26,138,946

  Retail

  $39,308,696

Location Insight

City

Dayton

County

Montgomery

State

Ohio

Latitude

39.6316

Longitude

-84.1911

CBSA code

19430

CBSA name

DAYTON-KETTERING, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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