502 Wayne Ave Dayton, OH 45410
- Retail properties
- 6,606 SF
- 0.11 lot acres
Current Use by Public Records
- Meshco Inc / Internet Service Provider
- Found treasures 4 you / Antique Store
Property Details for 502 Wayne Ave
- Year built
- 1925
- Lot size
- 0.11 lot acres
- Property size
- 6,606 SF
- Property type
- Retail properties
- Property subtype
- Mixed-use properties
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Dayton
- County
- Montgomery
- State
- Ohio
- Longitude
- -84.1804
- Latitude
- 39.7555
