1501 Bechtle AveSpringfield, OH 45501
- Retail properties
- 42,888 SF
Property Details for 1501 Bechtle Ave
- Year built
- 1995
- Construction
- CONCRETE BLOCKS
- Lot size
- 3.64 AC
- Property size (Sq ft)
- 42,888 SF
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 330-06-00012-000-194
- APU
- 3300600012000194
Description
Springfield Commons, located at 1501 Bechtle Ave in Springfield, Ohio (zip code 45501), presents a significant retail opportunity within Clark County. This entire 10,426 square foot strip center is currently available for lease. The property is categorized as a retail space with multiple tenancy options, offering considerable flexibility for a variety of businesses. The building's total square footage is 10,426 square feet, with the entire space currently vacant, providing a blank canvas for a new tenant to customize and develop. This presents a unique chance to establish a prominent presence in a well-situated location. The property's address, 1501 Bechtle Ave, offers excellent visibility and accessibility, making it an attractive proposition for businesses seeking high foot traffic and convenient access for customers. The property's classification as a strip center suggests a layout conducive to multiple smaller businesses or a single large tenant. The complete vacancy allows for a comprehensive fit-out to perfectly match the needs of the incoming tenant. Interested parties are encouraged to inquire further to explore the possibilities this exceptional retail space offers. The property is ready for immediate occupancy. This is a prime opportunity to secure a substantial retail presence in a desirable Springfield location.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $12,097,443
- 6.5%
- $11,166,870
- 7%
- $10,369,236
-
Comparable approach
- Method
- Valuation
- Relative Method
- $2,128,051
- Geo Method
- $2,128,051
-
Alternative Use
- Use
- Valuation
- Residential
- $9,419,673
- Hospitality
- $8,628,370
- Educational
- $7,178,702
- Medical
- $7,425,588
- Retail
- $11,166,870
Location Insight
- City
- Springfield
- County
- Clark
- State
- Ohio
- Latitude
- 39.9432
- Longitude
- -83.8364
- CBSA code
- 44220
- CBSA name
- SPRINGFIELD, OH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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