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    1555 Covington Ave Piqua, OH 45356

    For Lease
    $15 SF/Yr

    Prime Piqua, OH Strip Center

    Lot size:
    16,104 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    Covington Plaza, a single-story, 16,104 square foot retail strip center, presents a compelling investment opportunity in Piqua, Ohio. Built in 1972, this established center boasts seven suites and enjoys a high-traffic location at the southeast corner of SR 36 (Covington Avenue) and Sunset Drive. Currently, the center houses a diverse mix of established tenants including Hothead Burrito, Cassano's Pizza, Sundown Tan, Subway, and Speedway Gas, ensuring a consistent stream of customer traffic. One suite, measuring 3,797 square feet, is currently available for lease. The center's strategic placement directly across from a large 65,000 square foot Kroger grocery store, and other national retailers, further enhances its visibility and accessibility. This prime location within a thriving neighborhood makes Covington Plaza an attractive destination for both shoppers and businesses. The property's strong tenant occupancy and desirable location make it an ideal investment for those seeking a stable and profitable retail asset in a well-established market. The single building structure simplifies management and maintenance, offering a straightforward investment opportunity with significant potential for growth and return.

    Property Features for 1555 Covington Ave

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    16,104 SF
    Total Rate
    20130

    Building Details

    Year Built
    1972
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 1571 (3B)
    Size
    3,797 SF
    Rate per SF
    $15

    HighLights

    • 16,104 square foot retail strip center.
    • Seven suites total, with one 3,797 square foot space currently available.
    • Located in Piqua, Ohio, at the southeast corner of SR 36 (Covington Ave.) and Sunset Drive.
    • Built in 1972, single‑story building.
    • Strong tenant mix including national brands like Subway and Speedway, and situated across from a large Kroger grocery store.
    Property Profile Location Intelligence

    Current Use by Public Records

    Robert A. Phillips, DC Chiropractor Freedom Chiropractic Chiropractor Robert Trapper Alan ... Chiropractor

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Piqua
    County
    Miami
    State
    Ohio
    Longitude
    -84.267359133566
    Latitude
    40.140824723956

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    FAQs

    What type of property is this?
    Neighborhood center - Prime Piqua, OH Strip Center
    Where is this neighborhood center located?
    The property is located at 1555 Covington Ave Piqua, OH.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: 16,104 square foot retail strip center.; Seven suites total, with one 3,797 square foot space currently available.; Located in Piqua, Ohio, at the southeast corner of SR 36 (Covington Ave.) and Sunset Drive.
    Request Owner's contact information
    1555 Covington Ave Piqua, OH 45356
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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
    1555 Covington Ave Piqua, OH 45356
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