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Value-Add Retail | Redevelopment Potential 5116-5120 Salem Ave 141,616 SF Vacant Retail Building Online Auction Sale Trotwood, OH 45426
Investment Highlights
- Well-positioned 141,616-SF retail asset on 16.86 acres along Salem Ave, offering a vacant footprint with significant repositioning upside.
- Fully vacant asset zoned GB and SARA, allowing a wide range of retail and commercial uses with flexibility for leasing and value-add execution.
- Surrounded by national retailers including Home Depot, Lowe’s, and Big Lots, driving consistent traffic and reinforcing strong demand.
- Located just south of Salem Ave (SR-49) & Shiloh Springs Rd, with 491’ of frontage & 19,750 + VPD, providing strong visibility and market exposure.
- Direct connectivity to I-70 & I-75 enhances regional accessibility, supporting strong tenant demand & positioning within the broader Dayton metro.
- Large-scale footprint and site size support adaptive reuse, redevelopment, or multi-tenant reconfiguration strategies to unlock long-term value.
Executive Summary
Regions Commercial LLC is proud to offer a retail asset located at 5116-5120 Salem Avenue in Trotwood, Ohio.
5116-5120 Salem Avenue is a well-positioned, 141,616-square-foot asset situated on a 16.86-acre site along the heavily traveled Salem Avenue corridor in Trotwood, Ohio. The property is currently vacant, providing a prime opportunity for investors, developers, and future owners to acquire a blank slate with significant upside potential.
Zoned G-B (General Business) and SARA (Salem Ave Redevelopment Area), the property permits a wide range of retail, service, and commercial uses, supporting flexible leasing, tenant mix optimization, and future value-add execution. The city adopted a new Comprehensive Plan in April 2025 and permits warehouse and storage uses as-of-right, with future potential for higher-density mixed-use or residential development. The site also benefits from Opportunity Zone eligibility and access to incentives such as TIF, brownfield programs, grants, and tax credits.
Located just south of the highly visible intersection of Salem Avenue (SR-49) and Shiloh Springs Road, the property benefits from strong visibility and exposure, with 491 feet of frontage along Salem Avenue and a daily traffic count exceeding 19,750 vehicles, while also providing direct access to major arterial corridors, including Interstates 70 and 75, supporting strong regional connectivity throughout the Dayton market.
Ample on-site parking with 976 surface spaces, multiple ingress and egress points, and pylon signage along Salem Avenue enhance the overall functionality and visibility, supporting efficient circulation within the established commercial corridor.
Surrounded by national retailers including The Home Depot, Lowe’s, and Big Lots, along with a mix of quick-service and discount operators, healthcare users, and established residential neighborhoods, the area benefits from consistent consumer traffic and a diverse base of commercial demand drivers. Formerly known as Salem Plaza, the property is positioned within a broader retail corridor that includes nearby centers such as Salem Center, Salem Crossing, and Shiloh Springs Plaza, reinforcing its role as a primary retail node within the Trotwood submarket.
This offering presents a compelling opportunity to reposition a well-located retail asset within an established corridor supported by strong traffic, national tenancy, and diverse demand drivers.
Property tours are by appointment only. Please contact the listing broker to schedule.
5116-5120 Salem Avenue is a well-positioned, 141,616-square-foot asset situated on a 16.86-acre site along the heavily traveled Salem Avenue corridor in Trotwood, Ohio. The property is currently vacant, providing a prime opportunity for investors, developers, and future owners to acquire a blank slate with significant upside potential.
Zoned G-B (General Business) and SARA (Salem Ave Redevelopment Area), the property permits a wide range of retail, service, and commercial uses, supporting flexible leasing, tenant mix optimization, and future value-add execution. The city adopted a new Comprehensive Plan in April 2025 and permits warehouse and storage uses as-of-right, with future potential for higher-density mixed-use or residential development. The site also benefits from Opportunity Zone eligibility and access to incentives such as TIF, brownfield programs, grants, and tax credits.
Located just south of the highly visible intersection of Salem Avenue (SR-49) and Shiloh Springs Road, the property benefits from strong visibility and exposure, with 491 feet of frontage along Salem Avenue and a daily traffic count exceeding 19,750 vehicles, while also providing direct access to major arterial corridors, including Interstates 70 and 75, supporting strong regional connectivity throughout the Dayton market.
Ample on-site parking with 976 surface spaces, multiple ingress and egress points, and pylon signage along Salem Avenue enhance the overall functionality and visibility, supporting efficient circulation within the established commercial corridor.
Surrounded by national retailers including The Home Depot, Lowe’s, and Big Lots, along with a mix of quick-service and discount operators, healthcare users, and established residential neighborhoods, the area benefits from consistent consumer traffic and a diverse base of commercial demand drivers. Formerly known as Salem Plaza, the property is positioned within a broader retail corridor that includes nearby centers such as Salem Center, Salem Crossing, and Shiloh Springs Plaza, reinforcing its role as a primary retail node within the Trotwood submarket.
This offering presents a compelling opportunity to reposition a well-located retail asset within an established corridor supported by strong traffic, national tenancy, and diverse demand drivers.
Property tours are by appointment only. Please contact the listing broker to schedule.
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Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Building Size
141,616 SF
Building Class
A
Year Built/Renovated
1968/1996
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Loading Docks
4 Exterior
Building FAR
0.19
Lot Size
16.86 AC
Parcel Number
H33-02111-0050
Zoning
GB & SARA - General Business & Salem Ave Redevelopment Area
Parking
976 Spaces (6.89 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
99,294 SF available for lease.
14,528 SF available for lease.
27,794 SF available for lease.
| Space | Size | Space Use | Position | Available |
| 1 | 99,294 SF | Retail | End Cap | Now |
| 2 | 14,528 SF | Retail | In-Line | Now |
| 3 | 27,794 SF | Retail | End Cap | Now |
1
| Size |
| 99,294 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
2
| Size |
| 14,528 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
3
| Size |
| 27,794 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
1
| Size | 99,294 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | Now |
99,294 SF available for lease.
2
| Size | 14,528 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
14,528 SF available for lease.
3
| Size | 27,794 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | Now |
27,794 SF available for lease.
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Somewhat bikeable
20/100
About West Dayton
Northwest Dayton is located just a few miles from downtown Dayton, with easy access provided by Salem Avenue. The area is also proximate to Interstate 70, providing a straight shot west to Indianapolis and east to Columbus, and Interstate 75, which links Dayton to Cincinnati. Dayton International Airport, the third-largest and -busiest airport in the state of Ohio, is located less than 10 miles to the northeast.
The city’s largest employer, Wright-Patterson Air Force Base, is a 30-minute commute across town. Home to over 30,000 active duty, reserves, and civilian employees, the base continues to expand, potentially reaching 33,000 employees in coming years. Health systems are also major employers in Dayton, with Premier Health and Kettering Health Network together employing more than 22,000 health professionals. Miami Valley Hospital, a member of Premier Health, is the largest, located in downtown Dayton and home to the area’s only Level 1 Trauma Center. The hospital has two additional locations, including Miami Valley Hospital North, located in Englewood.
The area is populated by a wide range of neighborhoods, with higher-density, moderate-income pockets toward downtown Dayton and lower-density, higher-income neighborhoods as you move northwest. Parks are plentiful, particularly west of State Route 49. The 2,400-acre Sycamore State Park offers a long list of activities, including fishing, hiking, horseback riding, and camping. Great Miami Mitigation Park is one of the Five Rivers MetroParks and is the state’s first mitigation bank owned by a conservation agency.
Commercial activity is concentrated along the area’s major thoroughfares, particularly Salem Avenue and State Route 48 (North Main Street). Investors are attracted by the area’s many positive attributes and rewarded with relatively high returns, with average cap rates about 200 basis points above the U.S. average.
Demographics
Demographics
1 mile
3 mile
5 mile
2025 Population
4,984
49,479
129,873
2020 Population
5,099
49,604
120,834
2030 Population
4,969
49,570
132,234
2025-2030 Projected Population Growth
-0.3%
0.2%
1.8%
Daytime Employees
1,978
14,767
36,115
Total Businesses
187
1,900
4,410
Average Household Income
$60,726
$73,181
$68,570
Median Household Income
$49,228
$56,852
$51,183
Total Consumer Spending
$50.1M
$526.8M
$1.3B
Median Age
44.3
42.0
40.0
2025 Households
2,324
21,679
56,140
Percent College Degree or Above
12%
13%
12%
Average Home Value
$193,449
$167,339
$158,651
$ values in USD
Nearby Major Retailers
Sale Advisor
Sale Advisor
Michael Guidicelli, CCIM, SIOR, Broker & Owner
Michael stands at the forefront of the investment real estate market as the esteemed Owner and Power Broker of Regions Commercial, LLC. His firm is renowned for its specialization in the sale of intricate investment properties and providing unparalleled tenant representation services. Michael's expertise is backed by his prestigious designation as a CCIM (Certified Commercial Investment Member), a testament to his deep-rooted knowledge and practical experience in commercial and investment real estate.
Throughout his illustrious career, Michael has played a pivotal role in shaping the landscape of the real estate industry. His dedication and leadership have been instrumental in his decade-long service on the Board of Directors for the Connecticut Chapter of CCIM, including two remarkable years as President (2016 & 2017). Under his stewardship, the chapter witnessed exponential growth, nearly doubling its membership and tripling its net operating income. His exceptional leadership skills were further recognized through his role as Regional Vice President of Region 11, overseeing pivotal chapters across the Northeastern United States.
Michael's commitment to excellence is also evident in his attainment of the SIOR designation from The SOCIETY OF INDUSTRIAL AND OFFICE REALTORS®, marking him as a leading authority in commercial real estate brokerage. His tenure as President of the CT/W. MA SIOR Chapter and his continued role as Immediate Past President highlight his significant contributions and steadfast dedication to the industry.
His outstanding achievements have not gone unnoticed, earning him a spot in the top 40 Under 40 by the Hartford Business Journal, and highlighting his remarkable impact in the field. Furthermore, Michael's academic credentials are equally impressive, with a graduate degree from Harvard Law School's Program on Negotiation, equipping him with unrivaled negotiation skills that benefit his clients immensely.
As a staunch advocate for his clients, Michael offers expert guidance through every step of the real estate transaction process. His commitment to his clients is unparalleled, offering both commission-based and consulting services tailored to meet their unique needs. The opportunity to begin with an initial consultation without obligation is a testament to his client-centered approach, ensuring a comprehensive understanding of their requirements from the outset.
Michael's distinguished career, marked by his leadership roles, prestigious designations, and unwavering dedication to his clients, sets him apart as a leading figure in the investment real estate industry.
Throughout his illustrious career, Michael has played a pivotal role in shaping the landscape of the real estate industry. His dedication and leadership have been instrumental in his decade-long service on the Board of Directors for the Connecticut Chapter of CCIM, including two remarkable years as President (2016 & 2017). Under his stewardship, the chapter witnessed exponential growth, nearly doubling its membership and tripling its net operating income. His exceptional leadership skills were further recognized through his role as Regional Vice President of Region 11, overseeing pivotal chapters across the Northeastern United States.
Michael's commitment to excellence is also evident in his attainment of the SIOR designation from The SOCIETY OF INDUSTRIAL AND OFFICE REALTORS®, marking him as a leading authority in commercial real estate brokerage. His tenure as President of the CT/W. MA SIOR Chapter and his continued role as Immediate Past President highlight his significant contributions and steadfast dedication to the industry.
His outstanding achievements have not gone unnoticed, earning him a spot in the top 40 Under 40 by the Hartford Business Journal, and highlighting his remarkable impact in the field. Furthermore, Michael's academic credentials are equally impressive, with a graduate degree from Harvard Law School's Program on Negotiation, equipping him with unrivaled negotiation skills that benefit his clients immensely.
As a staunch advocate for his clients, Michael offers expert guidance through every step of the real estate transaction process. His commitment to his clients is unparalleled, offering both commission-based and consulting services tailored to meet their unique needs. The opportunity to begin with an initial consultation without obligation is a testament to his client-centered approach, ensuring a comprehensive understanding of their requirements from the outset.
Michael's distinguished career, marked by his leadership roles, prestigious designations, and unwavering dedication to his clients, sets him apart as a leading figure in the investment real estate industry.
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3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
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Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
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Value-Add Retail | Redevelopment Potential | 5116-5120 Salem Ave
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Value-Add Retail | Redevelopment Potential | 5116-5120 Salem Ave
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