Mixed-Use Building with
New
For Sale
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34-38 N Jefferson St, Dayton, OH 45402
Commercial Sale, Dayton, OH
Property Size36,216 SF
Lot Size0.18 Acres
Price / SF$0.14
Days on Market4
Property Features for 34-38 N Jefferson St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Subdivision
Downtown
View
City
High school district
000000
Standard status
Active
APN
R72 00209 0007
Lot size
0.18 Acres
Utilities
Water source
Public
Building Details
Year built
1924
Floors in Building
5
Listing Agency:
Ohio Real Estate Auctions LLC
Listed By:
Christopher Cox
(937) 581-3037
Added: Oct 21
Last Checked: Oct 24 at 2:06AM
MLS# 12036399
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
At 34-38 N Jefferson St, this multi-story brick property includes a first-floor storefront and upper-level space. The county property card lists 36,216+/- square feet, and the parcel covers 0.18 acres. Built in 1924, the building has public water service.
The property is in downtown Dayton between 3rd St and Main St, near the Schuster Performing Arts Center and Victoria Theatre. It is zoned CBD (Central Business District), with access to I-75 and US-35. The storefront is identified for restaurant, bar, or retail use, while upper floors are presented for potential office, residential, or event-space layouts.
The property is in downtown Dayton between 3rd St and Main St, near the Schuster Performing Arts Center and Victoria Theatre. It is zoned CBD (Central Business District), with access to I-75 and US-35. The storefront is identified for restaurant, bar, or retail use, while upper floors are presented for potential office, residential, or event-space layouts.
Key Highlights
- 36,216+/- square feet per the county property card
- 0.18‑acre parcel
- First‑floor storefront with upper floors for mixed‑use configurations
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.
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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
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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 - A street-level retail space is paired with upper floors that can accommodate a range of mixed-use configurations.
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 per the county property card; 0.18‑acre parcel; First‑floor storefront with upper floors for mixed‑use configurations
