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1180 Upper Valley Pike Springfield, OH 45504

OFF-MARKET Retail properties & Spaces Google Maps
7,021 SF 1.07 ac lot
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This 7,021 square foot former Tire Choice auto shop presents a unique owner-user investment opportunity in Springfield, Ohio. Located at 1180 Upper Valley Pike, this property boasts excellent visibility from a major thoroughfare, with combined daily traffic counts nearing 20,000 vehicles from Upper Valley Pike and Troy Roads. Situated on a sizable 1.07-acre lot, the property features seven service bays, ideal for a variety of automotive businesses. The B-1A zoning permits a range of uses. The property benefits from a pylon sign and convenient access from the rear to a signalized intersection. This location is strategically positioned on the west side of Springfield, just west of US Highway 68 and Troy Road, placing it at the western edge of the city's main commercial area. Noteworthy is the recent redevelopment of a former mall just north of the property into a thriving industrial/business park, indicating a positive trend in the surrounding area. The property's parcel number is 05-00600-01200-0200. This is a rare opportunity to acquire a well-located, spacious auto shop in a growing area.

Property profile

Verified
Property type Retail properties & Spaces
Total area 7,021 SF
Lot 1.07 ac (46,609 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Auto Parts Store

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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