502 Wayne Ave Dayton, OH 45410
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.