Technical
Financial
Distress signals
Property profile

1302 Main St Piqua, OH 45356

OFF-MARKET
Commercial land
Property ID
US66-0633426
5,640 SF 6 ac lot Built 1984
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 6-acre industrial land parcel, located at 1302 S Main St, Piqua, Ohio (45356), presents a unique investment opportunity. Zoned I-2 Heavy Industrial, this property boasts pre-approved plans for a 606-unit self-storage facility, ready for immediate development. The site benefits from a pre-1994 Community Reinvestment Area (CRA) agreement, securing a substantial 15-year tax abatement. This translates to an estimated tax savings of nearly $2 million based on a projected $6 million property value. Construction plans, awaiting final city approval, are available for review. The property's location along busy S Main St provides excellent visibility and accessibility. The current owners have completed the initial steps, including securing zoning approval and the CRA, making this a truly shovel-ready project. This is an exceptional opportunity to capitalize on a pre-approved development plan and significant tax advantages. The Miami County location and convenient access to major transportation routes further enhance the property's appeal. APN: N44-076200. Asking price: $2,000,000.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1984
Total area 5,640 SF
Lot 6 ac (261,360 SF)
APN N44-076200
UPID US66-0633426

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1302 Main St Piqua, OH 45356-9359
Piqua metro Census 315300 DAYTON-KETTERING, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$230k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$230k

Owner & transaction history

since 2022
Last sale
$250,000
2 recorded transactions
2022
$250,000
2011
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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