605-645 2nd St, Xenia, OH 45385
- Community centers
- 13,260 SF
Current Use by Public Records
- Community centers
Property Details for 605-645 2nd St
- Year built
- 1988
- Property type
- Community centers
- Property subtype
- Shopping centers
- APN
- M40-0001-0018.0-0208.00
- APU
- M40000100180020800
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| May 8, 2025 | — | Ohio State Enterprises Lcc | Orange Street Investments LLC | Warranty Deed | — |
| Jan 13, 2017 | — | Orange Street Investments LLC | Hmr Enterprises LLC | Warranty Deed | $900k · The Citizens National Bank |
| Dec 29, 2004 | $1,046,400 | Hmr Ents LLC | Marconi Properties LLC | Warranty Deed | — |
| May 17, 2001 | — | Marconi Properties LLC | Gunlock,randall L | Grant Deed | $1.1M · Firstar Bank |
| — | — | Hmr Ents LLC | — | Deed Of Trust · related | $1.2M · Pnc Bank |
| — | — | Hmr Ents LLC | — | Deed Of Trust · related | $1.2M · Pnc Bank |
Description
This exceptional investment opportunity presents a 13,260-square-foot shopping center in Xenia, Ohio, boasting a remarkable 100% occupancy rate. The property, situated on a 1.38-acre lot at the signalized intersection of West 2nd Street and South Orange Street (10,900 combined vehicles per day), offers approximately 205 feet of frontage on West 2nd Street and 242 feet on South Orange Street. Built in 1988 and renovated in 2016 (including a new roof and HVAC systems), the single-story building houses four tenants, generating a strong net operating income (NOI) of $152,193, representing an 8.50% cap rate. The asking price is $1,790,503, translating to $135.03 per square foot. The weighted average lease term (WALT) stands at 3.59 years, providing excellent long-term stability. This thriving retail center benefits from its prime location within a growing community, close to Cox Elementary School (262 students) and numerous established businesses including Chase Bank, Taco Bell, FedEx, Ace Hardware, Dollar General, and Goodwill. Xenia's robust growth trajectory is further fueled by anticipated developments, including over 500 new single-family homes and a significant new manufacturing plant in a neighboring county. This presents a compelling investment opportunity with strong potential for future appreciation.
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Location Insight
- Map
- Local Demand
- City
- Xenia
- County
- Greene
- State
- Ohio
- Longitude
- -83.9401
- Latitude
- 39.6824
- CBSA code
- 19430
- CBSA name
- DAYTON-KETTERING, OH METROPOLITAN STATISTICAL AREA
