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    Hospitality Dr Xenia, OH 45385

    Sponsored
    For Sale
    $650,000

    1.25-acre commercial lot, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.25-acre commercial land parcel presents a unique investment opportunity in Xenia, Ohio. Located on Hospitality Drive, this B-3 General Business zoned property enjoys a high-traffic location directly across from Lowe's and Walmart, ensuring excellent visibility and accessibility. The site benefits from its position within an Opportunity Zone, offering potential tax advantages. Development options are flexible, with opportunities for sale, ground lease, or build-to-suit arrangements. Pre-existing infrastructure includes off-site detention, minimizing development complexities. High traffic counts are a key feature, with 8,320 vehicles per day (VPD) on Progress Drive, 15,303 VPD on West Main Street, and 26,586 VPD on US-35. The surrounding area boasts strong demographics, including a population of 49,132 within a 5-mile radius, an average household income of $111,556, and a robust business community with 1,318 businesses employing 12,931 people. Projected population and household growth further solidify this property's long-term value and potential for significant return on investment. The asking price for this exceptional property is $650,000. This is a rare opportunity to acquire a strategically located commercial parcel in a thriving market. The property's size, zoning, and location make it ideal for a variety of commercial developments.

    Property Features for 0 Hospitality Dr

    General Information

    Property type
    Land
    Lot Size
    54,450 SF

    HighLights

    • For Sale, Ground Lease, or Build‑to‑Suit opportunity available.
    • High‑growth market with significant development potential.
    • Located in a Qualified Opportunity Zone.
    • B‑3 General Business zoning allows for diverse commercial uses.
    • High visibility location across from Lowe's and Walmart.
    • Convenient access to US‑35.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Xenia
    County
    Greene
    State
    Ohio
    Longitude
    -83.966692571739
    Latitude
    39.686314312874

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    FAQs

    What type of property is this?
    Land - 1.25-acre commercial lot, prime location.
    Where is this land located?
    The property is located at Hospitality Dr Xenia, OH.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: For Sale, Ground Lease, or Build-to-Suit opportunity available.; High-growth market with significant development potential.; Located in a Qualified Opportunity Zone.
    Request Owner's contact information
    Hospitality Dr Xenia, OH 45385
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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
    Hospitality Dr Xenia, OH 45385
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