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1110 N Bechtle Ave
Springfield, OH 45504
1008-1110 N Bechtle Ave. · Retail Property For Sale
Investment Highlights
- Available for Owner Occupancy or Investment
- Tons of Parking!
- New Roof-2024!
- Currently 1953SF Vacant and 1953SF Occupied
- Great Location- 22,000VPD
Executive Summary
NOI and Cap Rate are based on a Proforma. Numbers reflect 100% occupancy.
***Owner (currently occupying half of the building as a chiropractic office) is willing to do a sale-leaseback on his half.
***Owner is willing to move to the sell entire building for someone to occupy in its entirety.
Located at 1108-1110 N Bechtle Ave in Springfield, OH, this retail/office building offers a prime investment opportunity at $450,000, with an anticipated 10% Cash on Cash Return annually. Asking Rent- $2,500 per side per month. Built in 1964 and partially renovated in 2024, the property spans 3,906 square feet on approximately 0.5 acres, providing ample space with over 30 parking spots. Partially updated in 2024, this building features a modern look with two shared bathrooms. This property boasts a strategic location suitable for retail or office use- please refer to business map on last page to review vibrant economic area. Owner installed a new roof earlier in 2024, providing long-term durability and minimal maintenance concerns. With on-building and free-standing signage and 22,000 VPD this building attracts attention from regular traffic. Currently, half of the building is vacant, offering several opportunities to interested parties.
Springfield, Ohio, located in Clark County, is a city rich in history and charm. Known for its blend of historic architecture and modern amenities, Springfield has deep roots in both agriculture and industry. It was once a prominent manufacturing hub in the late 19th and early 20th centuries and remains a center for business and culture in the region. Springfield is home to Wittenberg University, a well-regarded liberal arts college, which adds a youthful energy and academic influence to the city. The nearby Buck Creek State Park offers outdoor enthusiasts beautiful trails, fishing, and water activities, making it a popular spot for recreation. With a vibrant arts scene, including the Springfield Museum of Art, and a commitment to preserving its historic neighborhoods, Springfield combines small-town friendliness with a rich cultural heritage that makes it unique in southwestern Ohio.
***Owner (currently occupying half of the building as a chiropractic office) is willing to do a sale-leaseback on his half.
***Owner is willing to move to the sell entire building for someone to occupy in its entirety.
Located at 1108-1110 N Bechtle Ave in Springfield, OH, this retail/office building offers a prime investment opportunity at $450,000, with an anticipated 10% Cash on Cash Return annually. Asking Rent- $2,500 per side per month. Built in 1964 and partially renovated in 2024, the property spans 3,906 square feet on approximately 0.5 acres, providing ample space with over 30 parking spots. Partially updated in 2024, this building features a modern look with two shared bathrooms. This property boasts a strategic location suitable for retail or office use- please refer to business map on last page to review vibrant economic area. Owner installed a new roof earlier in 2024, providing long-term durability and minimal maintenance concerns. With on-building and free-standing signage and 22,000 VPD this building attracts attention from regular traffic. Currently, half of the building is vacant, offering several opportunities to interested parties.
Springfield, Ohio, located in Clark County, is a city rich in history and charm. Known for its blend of historic architecture and modern amenities, Springfield has deep roots in both agriculture and industry. It was once a prominent manufacturing hub in the late 19th and early 20th centuries and remains a center for business and culture in the region. Springfield is home to Wittenberg University, a well-regarded liberal arts college, which adds a youthful energy and academic influence to the city. The nearby Buck Creek State Park offers outdoor enthusiasts beautiful trails, fishing, and water activities, making it a popular spot for recreation. With a vibrant arts scene, including the Springfield Museum of Art, and a commitment to preserving its historic neighborhoods, Springfield combines small-town friendliness with a rich cultural heritage that makes it unique in southwestern Ohio.
Property Facts Under Contract
Sale Type
Investment or Owner User
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
3,906 SF
Building Class
C
Year Built/Renovated
1964/2024
Price
$619,875 CAD
Price Per SF
$158.70 CAD
Cap Rate
10%
NOI
$61,988 CAD
Percent Leased
50%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
0.48 AC
Zoning
Business - Retail/Office
Parking
30 Spaces (7.68 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
Property Taxes
| Parcel Numbers | Improvements Assessment | $112,516 CAD | |
| Land Assessment | $48,823 CAD | Total Assessment | $161,339 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$48,823 CAD
Improvements Assessment
$112,516 CAD
Total Assessment
$161,339 CAD
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