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    7437 Salem Ave Clayton, OH 45315

    Sponsored
    For Sale
    $395,000

    1.07-Acre C-2 Zoned Lot, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 1.07-acre commercial lot in Clayton, Ohio, is zoned C-2 and offers exceptional visibility and accessibility. Located at the intersection of St. Rt. 49 and Hoke Road, the property boasts approximately 300 feet of frontage on SR 49, ensuring high traffic exposure. Its strategic location provides close proximity to a new 1.4 million square foot Caterpillar facility (employing approximately 600 upon full production) and a Walmart Supercenter, guaranteeing a strong customer base. The property is less than half a mile from I-70, providing easy access for commuters and customers. This well-established area is ripe for development, particularly given the underserved dining options. The property is available for ground lease or build-to-suit opportunities, making it an ideal investment for businesses seeking high visibility and convenient access to major transportation routes and a growing workforce. The APN is M57-00907-0006. The asking price is $395,000.

    Property Features for 7437 Salem Ave

    General Information

    Property type
    Land
    Lot Size
    46,609 SF

    HighLights

    • 1.07‑acre C‑2 zoned lot in Clayton, OH, with ±300' of frontage on SR 49.
    • High traffic exposure at the intersection of St. Rt. 49 and Hoke Road.
    • Proximity to a new 1.4 million sq ft Caterpillar facility (approx. 600 employees) and a Walmart Supercenter.
    • Less than 0.5 miles from I‑70.
    • Underserved dining market presents development opportunities; ground lease or build‑to‑suit options available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    Clayton
    County
    Montgomery
    State
    Ohio
    Longitude
    -84.3308476
    Latitude
    39.850453

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    FAQs

    What type of property is this?
    Land - 1.07-Acre C-2 Zoned Lot, High Traffic
    Where is this land located?
    The property is located at 7437 Salem Ave Clayton, OH.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: 1.07-acre C-2 zoned lot in Clayton, OH, with ±300' of frontage on SR 49.; High traffic exposure at the intersection of St. Rt. 49 and Hoke Road.; Proximity to a new 1.4 million sq ft Caterpillar facility (approx. 600 employees) and a Walmart Supercenter.
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    Clayton, OH 45315
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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
    7437 Salem Ave Clayton, OH 45315
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