5351 Salem AveDayton, OH 45426

Property Details for 5351 Salem Ave

Year built

1994

Lot size

3.46 AC

Property size (Sq ft)

38,351 SF

Property type

Retail properties

Property subtype

Outlet malls

APN

H33 00807 0002

APU

H33008070002

Description

This exceptional retail property at 5351 Salem Avenue in Dayton, Ohio presents a compelling investment opportunity. Boasting a substantial 40,101 square feet of retail space, this property is strategically located on a 3.46-acre lot, sharing a parking lot with a Lowe's home improvement store. Its prime location offers unparalleled visibility and accessibility, situated less than half a mile from major intersections, ensuring high traffic volume. The property features convenient loading and unloading capabilities with two loading docks and two additional drive-in doors, facilitating efficient operations. Beyond the main retail area, the property includes additional upstairs space, ideal for a secondary showroom, storage, or office space, expanding the potential uses and maximizing the return on investment. The property's adjacency to McDonald's and other food establishments further enhances its appeal and attracts a steady stream of potential customers. This is a rare opportunity to acquire a well-positioned, expansive retail space in a thriving commercial area with significant growth potential. The asking price is $995,000. This property is ready for immediate occupancy and offers a unique chance to establish or expand a successful retail business in a high-traffic location. The combination of size, location, and amenities makes this an exceptional investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $9,282,653

  6.5%

  $8,568,602

  7%

  $7,956,560

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,414,962

  Geo Method

  $1,902,931

• Alternative Use

  Use

  Valuation

  Residential

  $7,227,936

  Hospitality

  $6,620,751

  Educational

  $5,508,387

  Medical

  $5,697,829

  Retail

  $8,568,602

Location Insight

City

Dayton

County

Montgomery

State

Ohio

Latitude

39.8207

Longitude

-84.2903

CBSA code

19430

CBSA name

DAYTON-KETTERING, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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