615 Miamisburg Centerville RdDayton, OH 45459

Property Details for 615 Miamisburg Centerville Rd

Year built

1987

Construction

FRAME

Lot size

2.93 AC

Property size (Sq ft)

1,543 SF

Property type

Retail space

APN

O67 03710 0150

APU

O67037100150

Description

This exceptional 4.84-acre commercial land parcel in Montgomery County, Ohio, presents a unique development opportunity. Located at 615 Miamisburg Centerville Road, Dayton, OH 45459, this property is zoned PD-B4 (Planned Development Business District) within Washington Township, offering significant flexibility for various commercial ventures. The site boasts high visibility and traffic volume, averaging 18,000 to 24,000 vehicles daily, due to its convenient location less than two miles from I-675 and four miles from I-75. Proximity to numerous amenities, including shopping centers, restaurants, grocery stores, and banks, further enhances its appeal. The asking price is $5,195,000. A key advantage is the absence of city income tax. Currently, there is an existing building on the property generating income until July 31, 2026. This rare tract of land in Washington Township offers exceptional potential for developers seeking a strategic location with high traffic counts and convenient access to major highways. The property's size and zoning make it suitable for a wide range of commercial developments.

• CAP approach

  CAP return

  Valuation

  6%

  $359,342

  6.5%

  $331,700

  7%

  $308,007

• Comparable approach

  Method

  Valuation

  Relative Method

  $301,033

  Geo Method

  $76,562

• Alternative Use

  Use

  Valuation

  Residential

  $279,801

  Hospitality

  $256,296

  Educational

  $213,236

  Medical

  $220,569

  Retail

  $331,700

Location Insight

City

Dayton

County

Montgomery

State

Ohio

Latitude

39.6288

Longitude

-84.1753

CBSA code

19430

CBSA name

DAYTON-KETTERING, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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