5116-5120 Salem Ave, Dayton, OH 45426
Salem Plaza, located at 5120 Salem Avenue in Dayton, Ohio's Montgomery County, presents a unique investment opportunity within the Dayton submarket. This shopping center offers multiple suites totaling 144,067 square feet, with three available spaces ranging from 14,528 to 99,294 square feet. The property boasts a highly visible location on State Route 49, experiencing traffic counts exceeding 21,000 vehicles daily. This prime location benefits from strong co-tenancy with established retailers such as Big Lots, Home Depot, Lowe's, JoAnn Fabrics, and Kroger, ensuring high foot traffic and brand recognition. The owner is motivated and open to creative reuse or redevelopment proposals, making this a rare value-add opportunity for prospective tenants seeking flexible and customizable spaces. Modern amenities and ample parking further enhance the appeal of this well-maintained property, providing an ideal environment for businesses to thrive and establish a strong presence in the Dayton market. The property's strategic positioning ensures easy access and excellent exposure, making it a desirable choice for businesses seeking a dynamic and accommodating environment to elevate their operations.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.