Property profile

3977 Salem Ave Dayton, OH 45406

FOR SALE
Industrial land
Property ID
US66-2647485
55,657 SF 0.62 ac lot Built 1948
Entity Owned 15-yr Hold Free & Clear
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3977 Salem Ave, Dayton, OH 45406 For Sale
Contact for pricing 55,657 SF
3977 Salem Ave, Dayton, OH 45406
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Property summary

AI-generated overview

This exceptional 1.2641-acre commercial land parcel presents a remarkable redevelopment opportunity in Dayton, Ohio. Strategically located at the corner of Salem Avenue and Pittsburg Avenue in Montgomery County, this property boasts high visibility to over 13,100 vehicles daily on Salem Avenue. The site is zoned B-3, permitting a wide range of commercial, business, and retail uses. The property's expansive size offers significant potential for various development projects. The advantageous location within Harrison Township provides the benefit of no city income tax, making it an even more attractive investment. The parcel includes multiple APNs: E20 17102B0112, -B0113, -B0114, -B0115, -B0116, -B0117, -B0118, -B0119, -B0190, -B0191. The asking price for this prime commercial land is $150,000. Don't miss this chance to acquire a highly visible and versatile property in a thriving area. This is an ideal opportunity for developers and investors seeking a strong return on investment in a desirable Dayton location. The property's address is 3977 Salem Ave, Dayton, OH 45406.

Property profile

Verified
Property type Industrial land
Use group INDUSTRIAL - VACANT LAND
Year built 1948
Total area 55,657 SF
Lot 0.62 ac (26,820 SF)
APN E20 17102B0112
UPID US66-2647485

Cap rate & NOI

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

Location

3977 Salem Ave Dayton, OH 45406
Dayton metro Census 80100 DAYTON-KETTERING, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$625k
CAP Approach CAP
by Request
Comparable Approach Comparable
$666k
Blend (final) Blend
$645k

Owner & transaction history

since 2010
3 recorded transactions
2010
Price N/A
2008
Price N/A
2007
$1,097

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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