2021 Lawndale Ave Fairborn, OH 45324
- Car washes
- 3,808 SF
- 0.13 lot acres
Current Use by Public Records
- Car washes
Property Details for 2021 Lawndale Ave
- Year built
- 1990
- Lot size
- 0.13 lot acres
- Property size
- 3,808 SF
- Zone code
- B-1
- Property type
- Car washes
- APN
- A02-0002-0009.0-0121.00
- APU
- A02000200090012100
Description
This exceptional commercial land parcel, located at 2021 Lawndale Ave, Fairborn, OH 45324, presents a unique investment opportunity. Situated on a sizable lot ranging from 17,000 to 20,000 square feet, this property is zoned for commercial use and boasts a highly desirable location. The property's address is at the corner of Beaver Valley Road and Lawndale Ave, providing excellent visibility and accessibility. Previously occupied by a car wash, the existing structure remains sound, and significant equipment is still in place, potentially reducing start-up costs for a new business. The area is experiencing significant growth, with planned new development scheduled for the coming year, promising increased traffic and potential for higher property values. This presents a great opportunity for retail or office space, benefiting from its proximity to existing restaurants and shopping centers. While the property is currently zoned for commercial use, potential buyers should be aware that rezoning may be required depending on the intended use. The asking price for this prime commercial land is $295,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $125,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $125,000
- 6.5%
- $145,000
- 7%
- $145,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $135,000
- Geo Method
- $130,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $145,000
- Retail
- $150,000
- Mixed-Use
- $130,000
- Hospitality
- $115,000
- Educational
- $140,000
- Residential Income
- $140,000
- Energy
- $160,000
- Income-Based Land
- $150,000
- Food Service
- $115,000
Location Insight
- Map
- Local Demand
- City
- Fairborn
- County
- Greene
- State
- Ohio
- Longitude
- -84.0214
- Latitude
- 39.7871
- CBSA code
- 19430
- CBSA name
- DAYTON-KETTERING, OH METROPOLITAN STATISTICAL AREA