620 Geyer St Dayton, OH 45405-4324
This exceptional mixed-use redevelopment opportunity presents a unique chance to acquire a substantial 30,415 square foot industrial property located at 620 Geyer Street in Dayton, Ohio. The property, a former Underwood-Talmage Candy Company site, boasts a rich history and sits on a 0.34-acre lot (APN: R72-06704-0019, -0020, -0021, -0060). The four-story building, constructed pre-1900, is currently vacant and zoned MR-5, aligning perfectly with the City of Dayton's support for redevelopment in this area. Significant potential exists for expansion, with adjacent parcels offering opportunities for additional parking or further development. The property benefits from recent upgrades to the electrical service and roof, minimizing upfront redevelopment costs. Further reducing costs, historical tax credits are available. The upcoming North Main Street Safety Improvements, commencing in 2024, will enhance the property's accessibility and attractiveness. This is a prime investment opportunity for developers seeking a substantial project with significant upside in a revitalizing area of Dayton. The asking price is $625,000.
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.