1501 N Bechtle Ave Springfield, OH 45504
Retail strip center with value-add opportunity in Springfield, Ohio.
Property size:
42,061 SFLot size:
5.25 AcresProperty Features for 1501 N Bechtle Ave
General Information
- Size
- 42,061 SF
- Lot size
- 5.25 Acres
Source:
Moodyscre
Listing Agent: Chris Kostanecki
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Springfield Commons Outparcel Retail Opportunity
Springfield Commons Outparcel is a 3-unit strip center currently occupied by Planet Fitness and Mattress Firm. An investor has an immediate add-value opportunity through the lease-up of the 9,780 square foot vacant end cap, which makes up 23.25% of the total gross leasable area. Once stabilized, an investor will benefit from a sizable boost to the net operating income and cap rate expansion. Planet Fitness and Mattress Firm have operated at the property for over 10 years. Planet Fitness is leased to an experienced operator with locations in various states, and Mattress Firm is a corporate location. The property is well-positioned off of a signalized intersection and features prominent pylon signage. N Bechtle Avenue features prominent national retailers, including Walmart, The Home Depot, Meijer, and Kroger, all of which are within close proximity to the property.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Mattress Firm Clearance ...
Mattress Store
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Clark
- State
- Ohio
- Longitude
- -83.8363321
- Latitude
- 39.9430133
Nearby Similar for Sale
FAQs
What type of property is this?
Strip mall - Retail strip center with value-add opportunity in Springfield, Ohio.
Where is this strip mall located?
The property is located at 1501 N Bechtle Ave Springfield, OH.
What is the asking price?
The asking price for this property is $2,013,000.
What are key features of this property?
This property features: - Immediate add-value opportunity through lease-up of 9,780 SF vacant end cap (23.25% of GLA).; - Offered at an extremely low price per square foot ($47.86).; - Planet Fitness and Mattress Firm have operated at the location for 10+ years.