Hospitality Dr Xenia, OH 45385
- Land
- 1.25 lot acres
Current Use by Public Records
- Land
Property Details for 0 Hospitality Dr
- Lot size
- 1.25 lot acres
- Property type
- Land
Description
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.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Xenia
- County
- Greene
- State
- Ohio
- Longitude
- -83.9667
- Latitude
- 39.6863
