1205 N Gettysburg Ave Dayton, OH 45417
- Turn key restaurants
- 741 SF
- 0.39 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 1205 N Gettysburg Ave
- Year built
- 1989
- Construction
- FRAME
- Lot size
- 0.39 lot acres
- Property size
- 741 SF
- Property type
- Turn key restaurants
- APN
- R72 12308 0038
- APU
- R72123080038
Description
This 741 square foot, vacant commercial property located at 1205 N Gettysburg Ave in Dayton, Ohio, presents a compelling investment opportunity. Previously a Rally's Hamburgers restaurant, this building, constructed in 1989 and renovated in 1998, is ideally suited for a quick-service restaurant or similar retail use. The property is situated on a highly visible, signalized corner lot in Montgomery County, Ohio, experiencing approximately 22,000 vehicles per day. Its EGC zoning provides flexibility for various business concepts. The location benefits from proximity to a recently renovated McDonald's and convenient access via public transportation, being situated on a bus line. The asking price is $450,000, translating to $607.29 per square foot. The lease type is NNN, and the property is currently vacant. Further enhancing its appeal, this property is located within an Opportunity Zone, offering potential tax advantages for investors. The building's previous configuration as a double drive-thru restaurant allows for a straightforward conversion back to this layout, providing significant operational flexibility for future tenants. This is a rare opportunity to acquire a well-located, adaptable commercial property in a thriving area of Dayton. The zip code is 45417.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,060,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,345,000
- 6.5%
- $1,265,000
- 7%
- $1,315,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,265,000
- Geo Method
- $1,335,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,415,000
- Retail
- $1,205,000
- Mixed-Use
- $1,495,000
- Hospitality
- $1,195,000
- Educational
- $1,320,000
- Residential Income
- $1,380,000
- Energy
- $1,320,000
- Income-Based Land
- $1,295,000
- Food Service
- $1,280,000
Location Insight
- Map
- Local Demand
- City
- Dayton
- County
- Montgomery
- State
- Ohio
- Longitude
- -84.2537
- Latitude
- 39.7617
- CBSA code
- 19430
- CBSA name
- DAYTON-KETTERING, OH METROPOLITAN STATISTICAL AREA
