Building Details

Year Built 1964

Year Renovated 2024

Spaces For Lease

at 1110 N Bechtle Ave Contact us

1008 N Bechtle Ave. Springfield, OH 45504 $2,500/Mo

Floor

1

Size

1,953 SF

Type

OFFICE

Lease Type

MODIFIED_GROSS

Availability

PENDING, Now

Sublease

No

Located at 1108-1110 N Bechtle Ave in Springfield, OH, this retail/office building... offers a prime investment opportunity at $450,000, with an anticipated 10% Cash on Cash Return annually. Asking Rent- $2,500 per side per month. Built in 1964 and partially renovated in 2024, the property spans 3,906 square feet on approximately 0.5 acres, providing ample space with over 30 parking spots. Partially updated in 2024, this building features a modern look with two shared bathrooms. This property boasts a strategic location suitable for retail or office use- please refer to business map on last page to review vibrant economic area. Owner installed a new roof earlier in 2024, providing long-term durability and minimal maintenance concerns. With on-building and free-standing signage and 22,000 VPD this building attracts attention from regular traffic. Currently, half of the building is vacant, offering several opportunities to interested parties. ***Owner (currently occupying as a chiropractic office) is willing to do a sale-leaseback on his half. ***Owner is willing to move to the sell entire building for someone to occupy in its entirety. Springfield, Ohio, located in Clark County, is a city rich in history and charm. Known for its blend of historic architecture and modern amenities, Springfield has deep roots in both agriculture and industry. It was once a prominent manufacturing hub in the late 19th and early 20th centuries and remains a center for business and culture in the region. Springfield is home to Wittenberg University, a well-regarded liberal arts college, which adds a youthful energy and academic influence to the city. The nearby Buck Creek State Park offers outdoor enthusiasts beautiful trails, fishing, and water activities, making it a popular spot for recreation. With a vibrant arts scene, including the Springfield Museum of Art, and a commitment to preserving its historic neighborhoods, Springfield combines small-town friendliness with a rich cultural heritage that makes it unique in southwestern Ohio.

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Listing Agency: Howard Hanna | South Dayton Show Phone

Listed By: Bob Caperna Show Phone

Source: Moodyscre

Added: Nov 10, 2024 Changed: Aug 8 Last Checked: Sep 11 at 12:15PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Howard Hanna | South Dayton

Investment Insights

Based on property information with market context.

This retail/office building was built in 1964 and partially renovated in 2024. The property includes two shared bathrooms and features on-building and free-standing signage. The owner installed a new roof earlier in 2024.

The building is set up with over 30 parking spots and is supported by traffic visibility with 22,000 VPD. Currently, half of the building is vacant, creating leasing flexibility for a tenant seeking space within the existing configuration.

The current owner is operating from the property as a chiropractic office and is willing to consider a sale-leaseback of the occupied portion, or relocate and sell the entire building for an owner-occupant looking to take it as a whole.

Key Highlights

• Retail/office building at 1108‑1110 N Bechtle Ave, Springfield, OH, built in 1964 and partially renovated in 2024
• Asking rent: $2,500 per side per month; half the building is currently vacant
• 3,906 SF on approx. 0.5 acres with 30+ parking spots for tenants and customers

Property Analytics

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Current Use

VIP Smoke Shop ... (Bike/Boat/Book/etc) Store Ramirez Merek R Alternative Medicine Practice Harmony Centre-Integrative Alternative Medicine Practice

Suggested Use

Top Pick Law Firm Parking Lot & Garage Real Estate Agency Daycare Center Plumbing Service Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

22,000 VPD

Traffic count

50%

Occupancy

NNN (Triple Net)

Lease Type

$2.30 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

377

Businesses Nearby

Explore this area Business Placement

Demographics for 45504, OH

17,343

Population

7,100

Households

2.4

Avg Household Size

41

Median Age

27%

College-Educated

92%

High-School Grad

22.0 sq mi

ZIP Area

788

Density / Sq Mi

$67,334

Median Household Income

$38,813

Median Earnings

$889

Median Rent

$167,700

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Built in 1964 and partially renovated in 2024, the building offers shared bathrooms and ample parking with high traffic exposure.

Where is this office building located?

The property is located at 1110 N Bechtle Ave Springfield, OH.

What is the lease rate?

The lease rate is $2,500/Mo.

What are key features of this property?

This property features: Retail/office building at 1108‑1110 N Bechtle Ave, Springfield, OH, built in 1964 and partially renovated in 2024; Asking rent: $2,500 per side per month; half the building is currently vacant; 3,906 SF on approx. 0.5 acres with 30+ parking spots for tenants and customers