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    1900 Progress Dr Xenia, OH 45385

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    For Sale
    Contact for pricing

    1.5-Acre Commercial Land Near Rural King

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.5-acre commercial land parcel presents a prime development opportunity in Xenia, Ohio. Strategically located at 1900 Progress Dr, this outlot enjoys exceptional visibility and accessibility, situated near a high-traffic intersection of West Main Street and Progress Drive, experiencing approximately 35,000 vehicles daily. The property benefits from a robust and affluent surrounding community. A population exceeding 525,000 resides within a 15-mile radius, boasting average household incomes surpassing $80,000. Furthermore, a significant daytime population of 266,000 employees is within a 15-mile radius, largely attributed to the presence of Wright-Patterson Air Force Base, Ohio's largest single-site employer. The area's high daytime population is further amplified by the substantial student population drawn to the 20 colleges and universities located within a 25-mile radius. This outlot is ideally positioned alongside established businesses including Rural King, Kroger, Harbor Freight, Sally Beauty, Snap Fitness, Chipotle, and Wright-Patt Credit Union, ensuring high visibility and foot traffic. This presents a unique chance to establish a thriving commercial venture in a thriving and densely populated area. The property is zoned for commercial use (verification required by buyer). This 1.5-acre parcel offers significant potential for various commercial developments.

    Property Features for 1900 Progress Dr

    General Information

    Property type
    Land
    Lot Size
    65,340 SF

    HighLights

    • 1.5‑acre commercial land parcel available for development.
    • Located at 1900 Progress Dr, Xenia, OH 45385.
    • High‑traffic location with approximately 35,000 vehicles daily at the intersection of West Main Street and Progress Drive.
    • Strong demographics: Over 525,000 people within a 15‑mile radius, average household income exceeding $80,000.
    • High daytime population of 266,000 within 15 miles, including Wright‑Patterson Air Force Base and nearby colleges/universities.
    • Excellent co‑tenancy with Rural King, Kroger, Harbor Freight, and other national retailers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Rural King Tractors Tractor Dealer Rural King Guns Gun Shop Rural King Farm Equipment Supplier

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Xenia
    County
    Greene
    State
    Ohio
    Longitude
    -83.9600386
    Latitude
    39.6912819

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    FAQs

    What type of property is this?
    Land - 1.5-Acre Commercial Land Near Rural King
    Where is this land located?
    The property is located at 1900 Progress Dr Xenia, OH.
    What are key features of this property?
    This property features: 1.5-acre commercial land parcel available for development.; Located at 1900 Progress Dr, Xenia, OH 45385.; High-traffic location with approximately 35,000 vehicles daily at the intersection of West Main Street and Progress Drive.
    (216) 381-8200
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    1900 Progress Dr Xenia, OH 45385
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    Xenia, OH 45385
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1900 Progress Dr Xenia, OH 45385
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