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$ 450,000
Est. payment /mo
New
1501 E 5th Street #7 Dayton, OH 45403
4 Beds
4 Baths
3,835 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 3,835 sqft
Price per Sqft $117
MLS Listing ID 934126
Bedrooms 4
Half Baths 4
Year Built 1900
Annual Tax Amount $3,802
Lot Size 9,195 Sqft
Lot Dimensions .2111
Property Sub-Type Investment
Property Description
Opportunity here with a cap rate of over 11%. Current owner is looking to do a sale/leaseback with a long term master lease for the building which includes a real estate brokerage and a salon/spa. Under the master lease, tenant would be responsible for maintenance and repair. The building has been fully renovated in the past two years. 2 HVAC systems, all plumbing, electric, roof, windows, interior and exterior paint. Property sits on a double lot with a new parking lot and green space with outdoor seating. Property is zoned mature neighborhood commercial which allows for single family, multi family and various commercial/office uses.
Location
State OH
County Montgomery
Zoning Residential,Business,Commercial,Historic,Multiple,Office
Rooms
Basement Full, Walkout
Interior
Heating Forced Air
Cooling Central
Exterior
Parking Features None
Utilities Available City Water, Natural Gas
Building
Level or Stories 2 Story
Structure Type Brick
Schools
School District Dayton
Others
Ownership LLC
Listed by Local Roots Realty