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    1510 Covington Ave Piqua, OH 45356

    For Sale
    Contact for pricing

    0.6-acre outparcel for sale or lease. High-traffic location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 0.6-acre commercial land parcel presents a unique investment opportunity in Piqua, Ohio. Strategically located at 1510 Covington Ave, this outparcel enjoys excellent visibility along US 36/Covington Avenue, a major thoroughfare with over 10,000 vehicles passing daily. The property is situated within a thriving grocery-anchored shopping center boasting an impressive 89% occupancy and attracting approximately 1.6 million annual visitors. The center features a strong tenant mix including nationally recognized brands such as Kroger, Roses, McDonald's, AutoZone, and East of Chicago Pizza. This prime location benefits from its proximity to Hartzell Propeller, a significant local employer with 268 employees, and enjoys a strong demographic profile with average household incomes exceeding $60,000 within a 5-mile radius. The property's convenient location, approximately 30 miles north of Dayton, Ohio, places it within easy reach of the greater Dayton area's substantial population of over one million people, including the workforce of Wright-Patterson Air Force Base, Ohio's largest single-site employer with 25,000 military and civilian personnel. The property is available for sale or ground lease, offering flexibility for various development scenarios. This is an ideal opportunity for businesses seeking high visibility and access to a robust consumer base in a rapidly growing market.

    Property Features for 1510 Covington Ave

    General Information

    Property type
    Land
    Lot Size
    26,136 SF

    HighLights

    • Grocery‑anchored shopping center, 89% occupied.
    • Over 1.6 million annual visitors.
    • Strong tenant mix including Kroger, Roses, McDonald's, AutoZone, and East of Chicago Pizza.
    • 0.6‑acre outparcel available for sale or ground lease.
    • High visibility on US 36/Covington Avenue (10,000+ VPD).
    • Adjacent to Hartzell Propeller, a major Piqua employer (268 employees).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Kroger Deli Deli Kroger Floral Florist Coinstar Kiosk | Bitcoin ... Atm MoneyGram Money Transfer Service SNOWFOX Sushi Restaurant

    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
    Piqua
    County
    Miami
    State
    Ohio
    Longitude
    -84.2644103
    Latitude
    40.1423566

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    FAQs

    What type of property is this?
    Land - 0.6-acre outparcel for sale or lease. High-traffic location.
    Where is this land located?
    The property is located at 1510 Covington Ave Piqua, OH.
    What are key features of this property?
    This property features: Grocery-anchored shopping center, 89% occupied.; Over 1.6 million annual visitors.; Strong tenant mix including Kroger, Roses, McDonald's, AutoZone, and East of Chicago Pizza.
    Request Owner's contact information
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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
    1510 Covington Ave Piqua, OH 45356
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