Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    502 Wayne Ave Dayton, OH 45410

    Sponsored
    For Sale
    $449,000

    Mixed-use building, high-traffic location.

    Property size:
    6,606 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use investment opportunity, located at 502 Wayne Ave in Dayton, Ohio's vibrant Oregon District, presents a compelling proposition for discerning investors. The two-story, 6,606 square foot building, constructed in 1925, boasts a prime location just blocks from the Oregon District and the central business district (CBD), offering convenient access to US-35. The property features a first-floor retail space of approximately 2,400 square feet, potentially divisible to suit various tenant needs. Above, a spacious 2,400 square foot second-floor apartment provides an open concept layout with 2-3 bedrooms, 1.5 bathrooms, and laundry facilities. Adding to its appeal are two oversized parking garage/storage areas, providing ample space for tenants or owners. Rear alley access and convenient street parking further enhance the property's functionality. The property sits on a 0.112-acre lot and is zoned MNC (Mature Neighborhood Commercial), reflecting its suitability for a range of commercial and residential uses. Currently vacant, the property is available for occupancy on November 1, 2024. The asking price is $449,000, translating to $67.97 per square foot. This presents a rare chance to acquire a well-situated, versatile property in a thriving Dayton neighborhood. The property's size, location, and zoning make it an ideal investment for both short-term and long-term growth.

    Property Features for 502 Wayne Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    6,606 SF
    Lot Size
    4,879 SF

    Building Details

    Year Built
    1925
    Buildings
    1
    Stories
    2

    HighLights

    • Exceptional mixed‑use investment opportunity in Dayton, OH's Oregon District.
    • 6,606 SF two‑story building on a 0.112‑acre lot, built in 1925.
    • Prime location blocks from Oregon District and CBD, with easy US‑35 access.
    • First‑floor retail space (approx. 2,400 SF), potentially divisible.
    • Second‑floor apartment (approx. 2,400 SF) with open concept, 2‑3 bedrooms, 1.5 baths, and laundry.
    • Two oversized parking/storage areas and rear alley access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Meshco Inc Internet Service Provider Found treasures 4 ... Antique Store

    Suggested Use

    Restaurant Realty agency Spa & Massage Law Firm Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Dayton
    County
    Montgomery
    State
    Ohio
    Longitude
    -84.180378695112
    Latitude
    39.755493075257

    Nearby Similar for Sale

    • $297,900
      3,392 SF

      South Park Historic District Duplex

      Stately duplex in Dayton's South Park Historic District.
      229-227 James St, Dayton, OH 45410
      View Details
    • $169,900
      1,512 SF

      All-Brick Dayton Duplex For Sale

      All-brick duplex with two bedrooms and backyard storage shed.
      4311 Richland Ave, Dayton, OH 45432
      View Details
    • New
      $188,500

      Remodeled Duplex with Income Potential

      Turn-key duplex in Dayton with modern upgrades and income potential.
      40 Mathison St, Dayton, OH 45417
      View Details
    • New
      $165,000
      0.12 Acres

      Dayton Duplex Investment Opportunity

      Dayton duplex, priced to sell, great for investment.
      2411 N Main St, Dayton, OH 45405
      View Details
    • $195,000
      0.13 Acres

      Remodeled Dayton Duplex For Sale

      Newly remodeled duplex in Dayton, excellent investment or house hacking.
      53 W Norman Ave, Dayton, OH 45405
      View Details
    • $4,900,000
      17,381 SF

      Dayton Commercial Property with Parking

      Commercial space with fenced parking and visibility from Route 4.
      1602 Valley St, Dayton, OH 45404
      View Details
    • $190,000
      1,500 SF

      Riverside Commercial Space For Sale

      1500 SF office, medical, or retail space in Riverside.
      1379 Woodman Dr, Dayton, OH 45432
      View Details
    • $475,000
      8,000 SF

      Dayton Commercial Garage with Bays

      8000 SF commercial building with multiple bays and lifts.
      2547 Valley St, Dayton, OH 45404
      View Details
    • $139,900
      1,242 SF

      Dayton Auto Repair Garage

      Vacant auto repair garage on a corner lot.
      501 E Trotwood Blvd, Dayton, OH 45426
      View Details
    • $30,000
      1,744 SF

      Dayton Multi-Unit Foreclosure Auction

      Foreclosure auction for a multi-unit property in Dayton, OH.
      1029 Cumberland Ave, Dayton, OH 45406
      View Details
    • $279,900

      Oregon District Loft with Views

      Loft in Dayton's Oregon Historic Arts & Entertainment district.
      207 E 6Th St, Dayton, OH 45402
      View Details
    • $745,000
      1,460 SF

      Versatile Commercial Property with Fenced Yard

      2.81-acre property with building, pole barn, and living quarters.
      5482 Wadsworth Rd, Dayton, OH 45414
      View Details

    FAQs

    What type of property is this?
    Individual retail property - Mixed-use building, high-traffic location.
    Where is this individual retail property located?
    The property is located at 502 Wayne Ave Dayton, OH.
    What is the asking price?
    The asking price for this property is $449,000.
    What are key features of this property?
    This property features: Exceptional mixed-use investment opportunity in Dayton, OH's Oregon District.; 6,606 SF two-story building on a 0.112-acre lot, built in 1925.; Prime location blocks from Oregon District and CBD, with easy US-35 access.
    Request Owner's contact information
    502 Wayne Ave Dayton, OH 45410
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    502 Wayne Ave
    Dayton, OH 45410
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    502 Wayne Ave Dayton, OH 45410
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.