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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

502 Wayne Ave Dayton, OH 45410

6,606 SF 0.11 ac lot Built 1925
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1925
Total area 6,606 SF
Lot 0.11 ac (4,879 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Meshco Inc Telecommunications Service Data Center
  • Found treasures 4 you Home Decor Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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