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    OFF-MARKET
    Office Spaces

    3550 Far Hills Ave, Kettering, OH 45429

    6,736 SF Built 1958
    Property ID
    Property summary
    AI-generated overview

    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
    Verified
    Property type Office Spaces
    Year built 1958
    Total area 6,736 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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