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    1900 Progress Dr Xenia, OH 45385

    Sponsored
    For Lease
    Contact for pricing

    1.5-Acre Outlot near major retailers. High traffic, high income area.

    Lot size:
    1 SF

    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 as an outlot to a thriving retail center anchored by Rural King, this site benefits from exceptional visibility and accessibility. The property enjoys a high-traffic location at the intersection of West Main Street and Progress Drive, experiencing approximately 35,000 vehicles daily. This ensures significant exposure for any new development. The surrounding area boasts a robust demographic profile, with a population exceeding 525,000 within a 15-mile radius and average household incomes surpassing $80,000. A substantial daytime population of 266,000 employees within a 15-mile radius further enhances the site's appeal, driven in part by the presence of Wright-Patterson Air Force Base, Ohio's largest single-site employer. The area's high daytime population is also boosted by the significant student population from the 20 colleges and universities located within a 25-mile radius. This property offers unparalleled access to a large consumer base and a strong workforce. Join established retailers including Kroger, Harbor Freight, Sally Beauty, Snap Fitness, Chipotle, and Wright-Patt Credit Union. This is an exceptional opportunity to capitalize on a high-traffic, high-income area with significant growth potential. The 1.5-acre lot is ready for development.

    Property Features for 1900 Progress Dr

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1 SF

    Unit(s) available at that property

    Space
    Available Outlot
    Size
    1 SF

    HighLights

    • 1.5‑acre outlot available in Xenia, OH.
    • Located near Rural King, Kroger, Harbor Freight, and other national retailers.
    • High traffic count of 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 with average household incomes exceeding $80,000.
    • High daytime population of 266,000 within 15 miles, including employees from Wright‑Patterson Air Force Base and nearby colleges/universities.
    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 Outlot near major retailers. High traffic, high income area.
    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 outlot available in Xenia, OH.; Located near Rural King, Kroger, Harbor Freight, and other national retailers.; High traffic count of approximately 35,000 vehicles daily at the intersection of West Main Street and Progress Drive.
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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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