Automotive Garage with Sales
4500 S Dixie Hwy Franklin, OH 45005
4500 S Dixie Hwy, Franklin, OH, 45005
$399,000
For Sale
$399,000
B-2 zoned automotive property with lift and approved automotive sales use at a high-AADT intersection.
Property Size1,285 SF
Lot Size0.50 Acres
Price / SF$310.51
Days on Market49
Property Features for 4500 S Dixie Hwy
General Information
- Standard status
- Active
- Size
- 1,285 SF
- Lot size
- 0.50 Acres
Listing Agency
Coldwell Banker Heritage
(513) 320-6669
Listed by
Stefan Wannemacher
(513) 320-6669
Source
Exprealty
Added: Jun 3 Updated: Jul 10 at 1:49 pm Checked: Jul 19 at 7:08 am
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 Coldwell Banker Heritage
Investment Insights
Based on property information with market context.
This almost half-acre automotive property is currently used as an automotive garage and sales operation. It has a lift included, and underground storage tanks were removed and closed in 2000. A conditional use has been approved for automotive sales, and the site is zoned B-2, supporting flexibility for a range of commercial uses consistent with the zoning.
The property is located at a busy east-end intersection in Franklin, Ohio, with 2024 ODOT data reporting an AADT of 6,243.
For operators seeking an automotive-focused site, the approved automotive sales conditional use and existing garage/sales configuration can reduce early redevelopment and permitting hurdles. The B-2 zoning also offers additional room for compatible commercial concepts, while the intersection location supports visibility for both passing traffic and customer access. Seller financing is available to qualified buyers.
The property is located at a busy east-end intersection in Franklin, Ohio, with 2024 ODOT data reporting an AADT of 6,243.
For operators seeking an automotive-focused site, the approved automotive sales conditional use and existing garage/sales configuration can reduce early redevelopment and permitting hurdles. The B-2 zoning also offers additional room for compatible commercial concepts, while the intersection location supports visibility for both passing traffic and customer access. Seller financing is available to qualified buyers.
Key Highlights
- Almost 0.5‑acre property at a busy east‑end Middletown/Franklin intersection
- Conditional use approved for automotive sales; currently used as an automotive garage and sales
- Zoned B‑2 with many potential uses
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $19.3k | $15.00 |
| − Vacancy | −$1.3k | −$1.05 |
| EGI | $17.9k | $13.95 |
| − OpEx | −$5.4k | −$4.19 |
| NOI | $12.5k | $9.76 |
1,285 SF · lease $15.00/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$179.3K
$156.9K – $209.1K
NOI $12,548 @ 7.0% cap · market cap 3.14%
Second Best
Industrial
$75.4K
$66.0K – $88.0K
NOI $5,280 @ 7.0% cap · market cap 1.32%
Theoretical Best
Office A
$287.0K
$251.2K – $334.9K
NOI $20,092 @ 7.0% cap · market cap 5.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
Similar Off Market Nearby
- RENT-2-OWN Middletown — 3850 Towne Blvd, Middletown, OH 45005
FAQs
What type of property is this?
Auto shop - B-2 zoned automotive property with lift and approved automotive sales use at a high-AADT intersection.
Where is this auto shop located?
The property is located at 4500 S Dixie Hwy Franklin, OH.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Almost 0.5‑acre property at a busy east‑end Middletown/Franklin intersection; Conditional use approved for automotive sales; currently used as an automotive garage and sales; Zoned B‑2 with many potential uses
