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Property profile & analytics
OFF-MARKET Estimated value $545,000
Retail space

125 Water St Piqua, OH 45356-2325

17,584 SF 0.37 ac lot Built 1920
Entity Owned 1-yr Hold Free & Clear
Property ID
US66-1222348
Property summary
AI-generated overview

This exceptional 43,400 square foot retail storefront, located at 125 W. Water Street in Piqua, Ohio, presents a compelling investment opportunity. Priced at $649,000 ($14.95/sq ft), this four-story building boasts a prime downtown location, adjacent to City Hall and situated within Piqua's active redevelopment zone. The property benefits from its position along US-36, a major Piqua artery, ensuring high visibility and accessibility. Significant features include a newly installed roof (2023), fully air-conditioned first and second floors, and ample parking, including dedicated employee spaces. The building's impressive size is further enhanced by gigantic showroom windows, maximizing natural light and creating a striking street presence. The permitted zoning, D-GX (Downtown General Mixed Use), allows for a variety of potential uses, making this a versatile and attractive option for both established businesses and forward-thinking developers. The extensive parking lot and convenient location near City Hall add to the property's overall appeal. This is a rare chance to acquire a substantial retail space in a thriving Ohio city undergoing significant revitalization. The property's size and location make it ideal for a wide range of retail or mixed-use ventures. Consider the potential of this significant asset in a dynamic urban setting.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1920
Total area 17,584 SF
Lot 0.37 ac (16,117 SF)
APN N44-001910
UPID US66-1222348
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
Current use
Occupant on record · Public records
  • Lock 9 Park Park
  • Bruce Photo & Imaging Studio (Bike/Boat/Book/etc) Store Photography Service
  • Town & Country Furniture Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$545k
CAP Approach CAP
by Request
Comparable Approach Comparable
$500k
Blend (final) Blend
$545k
Owner & transaction history
The Piqua Improvement Corporation · 1 yrs held
The Piqua Improvement Corporation
since 2024
Last sale
$545,000
1 recorded transaction
2024
$545,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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