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Property profile & analytics
OFF-MARKET
Retail space

1501 Bechtle Ave Springfield, OH 45504-1577

42,888 SF 3.64 ac lot Built 1995
Entity Owned ~ Est. High Equity
Property ID
US66-0089369
Property summary
AI-generated overview

Springfield Commons, located at 1501 Bechtle Ave in Springfield, Ohio (zip code 45501), presents a significant retail opportunity within Clark County. This entire 10,426 square foot strip center is currently available for lease. The property is categorized as a retail space with multiple tenancy options, offering considerable flexibility for a variety of businesses. The building's total square footage is 10,426 square feet, with the entire space currently vacant, providing a blank canvas for a new tenant to customize and develop. This presents a unique chance to establish a prominent presence in a well-situated location. The property's address, 1501 Bechtle Ave, offers excellent visibility and accessibility, making it an attractive proposition for businesses seeking high foot traffic and convenient access for customers. The property's classification as a strip center suggests a layout conducive to multiple smaller businesses or a single large tenant. The complete vacancy allows for a comprehensive fit-out to perfectly match the needs of the incoming tenant. Interested parties are encouraged to inquire further to explore the possibilities this exceptional retail space offers. The property is ready for immediate occupancy. This is a prime opportunity to secure a substantial retail presence in a desirable Springfield location.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1995
Construction CONCRETE BLOCKS
Total area 42,888 SF
Lot 3.64 ac (158,558 SF)
APN 330-06-00012-000-194
UPID US66-0089369
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
  • Mattress Firm Clearance Center Springfield Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Cvp Waddell Litchfield LLC
Cvp Waddell Litchfield LLC
since 2025
Last sale
$1.8M
7 recorded transactions
2025
$1.8M
2022
$14.7M
2016
Price N/A
2005
$3.6M
2002
$2.0M
2001
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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