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    OFF-MARKET
    Lifestyle centers

    5116-5120 Salem Ave, Dayton, OH 45426

    144,067 SF
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Lifestyle centers
    Total area 144,067 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
    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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