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    3500 National Rd Springfield, OH 45504

    Sponsored
    For Sale
    $795,000

    Historic 45,000 SF building, 8 acres

    Property size:
    45,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional special-purpose property, located at 3500 W National Road in Springfield, Ohio, presents a unique investment opportunity. The property encompasses two buildings totaling approximately 45,000 square feet on two separate parcels, situated on a generous 8-acre lot (348,480 sq ft). The asking price is $795,000, translating to $17.67 per square foot. Currently vacant, this property offers significant redevelopment potential. Built in 1922 and fully restored, the buildings boast beautiful historical architecture and numerous recent upgrades, including new windows. The property's high visibility on a main highway provides excellent accessibility, with convenient proximity to downtown Springfield and freeway access. Its ample parking and expansive lot size make it ideal for a variety of uses, including a charter school, church, daycare center, or charitable organization. The property's size, location, and historical charm combine to create a compelling investment opportunity with substantial upside. The property is zoned for commercial use. The property is currently vacant and ready for immediate occupancy.

    Property Features for 3500 National Rd

    General Information

    Property type
    Specialty properties
    Square Feet
    45,000 SF

    HighLights

    • $795,000 asking price.
    • 45,000 square feet, special purpose property.
    • $17.67 price per square foot.
    • Vacant.
    • 348,480 square foot lot; 8‑acre site.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness Wholesale Shop Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Clark
    State
    Ohio
    Longitude
    -83.8752568
    Latitude
    39.9269075

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    FAQs

    What type of property is this?
    Specialty property - Historic 45,000 SF building, 8 acres
    Where is this specialty property located?
    The property is located at 3500 National Rd Springfield, OH.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: $795,000 asking price.; 45,000 square feet, special purpose property.; $17.67 price per square foot.
    Request Owner's contact information
    3500 National Rd Springfield, OH 45504
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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
    3500 National Rd Springfield, OH 45504
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