125 Water St Piqua, OH 45356-2325
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.