Property summary
This 6,736 square foot, two-story medical office building in Kettering, Ohio, presents a unique investment opportunity. Located at 3550 Far Hills Ave, at the corner of Lincoln Park, this Class C property boasts excellent visibility and frontage. Currently vacant and undergoing renovation, the building offers significant potential for redevelopment. Previously configured as 32 small offices, the space is adaptable to various uses, including a potential co-working space or larger office suites. The seller's plans included combining the existing spaces into approximately 20 larger offices. The building features gas hot water heat, air conditioning, three-phase power, and a 1 ½ inch water main. Four bathrooms are present, all with wet plumbing. Four stair accesses are available, including one with a chair lift. Constructed of brick over block with precast (Flexicore) floor and ceiling, the building also has a truss roof system with shingles added in the 1980s. The property is being offered "as is," but the seller may consider a long-term lease. The permitted zoning is O-Office. Built in 1958, the building is currently undergoing renovations. The asking price is $375,000. Occupancy is scheduled for September 12, 2024. The property is located in Montgomery County, Ohio, with a zip code of 45429. Note that the last four photos in the listing are renderings of potential buyer renovations.
Property profile
VerifiedCap rate & NOI
Current use
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Dental Office
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Cap rate
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Property description
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