Historic Mixed-Use Brick
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For Sale
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34-38 N Jefferson St, Dayton, OH 45402
CBD zoning and a street-level storefront distinguish this multi-story downtown property.
Property Size36,216 SF
Price / SF$0.14
Days on Market4
Property Features for 34-38 N Jefferson St
General Information
Standard status
Active
Size
36,216 SF
Property subtype
Commercial Building
Zoning
CBD
Site & Location
Neighborhood
Downtown
Highway Access
Yes
Additional Details
Opportunity Zone
Yes
Amenities
Lot Size Acres: 0.18
Sewer Type: Municipal
Percentage of Tax that is Deductable: 0
Sale, Sale Type: Foreclosure, Availability Date: 2026-10-21
Basement Type: Full
5 Stories, Built in 1924
Neighborhood Name: Downtown
Property Zone Type: 200, Street View, City View
Water Source: Municipal
Construction Type: Masonry - Brick
Building Details
Year Built
1924
Construction
brick
Listing Agency:
Ohio Real Estate Auctions LLC
Listed By:
Christopher Cox · License #SL3538748
(937) 581-3037
Source:
Doyle-realty
Added: Oct 21
Changed: Oct 23
Last Checked: Oct 23 at 5:39PM
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 Ohio Real Estate Auctions LLC
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Investment Insights
Based on property information with market context.
Built in 1924, this multi-story brick property contains 36,216 square feet and a storefront at street level. Its upper floors offer space that could be adapted for office, residential, or event use, alongside the ground-floor commercial area. The property is zoned CBD, or Central Business District.
At 34-38 N Jefferson St in downtown Dayton, the building sits between 3rd St and Main St, near the Schuster Performing Arts Center and Victoria Theatre. I-75 and US-35 provide nearby highway access. The property is also within a designated Opportunity Zone; eligibility for tax incentives may apply.
At 34-38 N Jefferson St in downtown Dayton, the building sits between 3rd St and Main St, near the Schuster Performing Arts Center and Victoria Theatre. I-75 and US-35 provide nearby highway access. The property is also within a designated Opportunity Zone; eligibility for tax incentives may apply.
Key Highlights
- 36,216 square feet across a multi‑story brick building
- Built in 1924
- Street‑level storefront with upper floors suited to potential office, residential, or event use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$341,694
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,833,880
$6.8M
Cap Rate 7%
$4,881,343
$4.9M
Cap Rate 9%
$3,796,600
$3.8M
Market Conditions
NOI Build-Up for 36,216 SF
Gross rent
$521.5K $14.40/SF
− Vacancy
−$33.4K −$0.92/SF
EGI
$488.1K $13.48/SF
− OpEx
−$146.4K −$4.04/SF
NOI
$341.7K $9.43/SF
Area
Dayton, OH
Vacancy
6.40%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,833,880
Cap Rate 7%
$4,881,343
Cap Rate 9%
$3,796,600
Alternative Uses
Best Use
Mixed Use
$5.59M
$4.89M – $6.52M
NOI $391,133 @ 7.0% cap · market cap 7,822.66%
Second Best
Retail
$4.88M
$4.27M – $5.69M
NOI $341,694 @ 7.0% cap · market cap 6,833.88%
Theoretical Best
Office A
$7.72M
$6.75M – $9.00M
NOI $540,285 @ 7.0% cap · market cap 10,805.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,964
Businesses Nearby
Explore this area
Business Placement
Demographics for 45402, OH
10,735
Population
6,484
Households
1.7
Avg Household Size
37
Median Age
30%
College-Educated
88%
High-School Grad
4.4 sq mi
ZIP Area
2,440
Density / Sq Mi
$45,386
Median Household Income
$40,396
Median Earnings
$921
Median Rent
$105,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Dayton, OH
Frequently Asked Questions
What type of property is this?
Mixed-use property - CBD zoning and a street-level storefront distinguish this multi-story downtown property.
Where is this mixed-use property located?
The property is located at 34-38 N Jefferson St Dayton, OH.
What are key features of this property?
This property features: 36,216 square feet across a multi‑story brick building; Built in 1924; Street‑level storefront with upper floors suited to potential office, residential, or event use
