5145 Salem Ave Dayton, OH 45426

Property Details for 5145 Salem Ave

Year built

1976

Lot size

16.00 lot acres

Property size

161,631 SF

Property type

Neighborhood centers

Property subtype

Retail properties

Description

This exceptional retail opportunity encompasses 161,631 square feet within a thriving strip center located at 5145 Salem Avenue, Dayton, Ohio. The property boasts a prime location in Montgomery County, situated on 16 acres of land and featuring 913 parking spaces. Currently, there are 4,000 square feet of vacant space available, divisible into units ranging from a minimum of 1,000 square feet to a maximum contiguous space of 4,000 square feet. The building, constructed in 1976, is zoned G-B General Business District and features two total suites. This well-established center benefits from strong co-tenancy, including PNC Bank, Gordon Food Service, Big Lots, Dollar Tree, Shoe Carnival, Jo-Ann Fabrics, and other diverse retail, restaurant, and banking establishments. The property enjoys excellent visibility due to its corner outlot position and pylon and wall signage at a signalized intersection. Ideal uses include, but are not limited to, nail salons, hair/barber shops, restaurants, coffee shops, furniture and appliance stores, cell phone sales/repair businesses, smoke/vape/CBD shops, and other service-oriented retail, restaurant, and office uses. Recent improvements include investment in the parking lot and landscaping. Promotional incentives and tenant improvement allowances are available, subject to tenant credit and lease terms. Year 1 promotional pricing is available, with base rent adjusting to $10 per square foot, NNN, in Year 2, and annual market rate increases thereafter. This is a remarkable opportunity for businesses seeking high visibility and strong co-tenancy in a bustling Dayton location.

Location Insight

City

Dayton

County

Montgomery

State

Ohio

Longitude

-84.277

Latitude

39.8182