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Investment Highlights

  • Front unit is currently leased, providing existing income
  • Vacant rear unit offers immediate owner-user occupancy potential, rear unit includes five private offices and a reception area.
  • Multiple side and rear entrances enhance accessibility
  • Convenient access to US-68 and Springfield commercial amenities

Executive Summary

1301 W 1st Street presents an opportunity to acquire a multi-tenant office property in Springfield, Ohio with existing income and future occupancy flexibility. The property is offered for sale at $1,500,000 and includes a front unit that is currently leased along with a rear unit that is currently vacant, and available for lease. This configuration provides immediate occupancy potential for an owner-user while maintaining income from the existing tenant.
The vacant rear unit is configured with a large open work area, reception and waiting area, five private offices, and two full bathrooms with showers. Multiple entry points, including side and rear entrances, support operational flexibility for a variety of professional, medical, office, or service-oriented users. The existing layout can accommodate owner-occupants seeking a functional office environment while preserving the benefits of an income-producing component within the property.
The property is positioned within Springfield's established commercial corridor with convenient access to major transportation routes, including US-68 and regional thoroughfares that connect businesses throughout Clark County and the greater Dayton market. Nearby retail, dining, and commercial services contribute to the property's accessibility for employees, clients, and visitors. Ample on-site parking further supports day-to-day operations and customer convenience.
For investors, the combination of existing tenancy, vacancy upside, and owner-user potential creates multiple pathways for value creation. For owner-occupants, the ability to occupy the vacant rear unit while benefiting from income generated by the leased front unit offers a compelling opportunity within a well-established commercial location.

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Lease Option
Property Type
Office
Property Subtype
Medical
Building Size
3,600 SF
Building Class
B
Year Built
1971
Price
$1,500,000
Price Per SF
$416.67
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,600 SF
Building FAR
0.18
Lot Size
0.46 AC
Parking
28 Spaces (2.33 Spaces per 1,000 SF Leased)

Amenities

  • Wheelchair Accessible
  • Air Conditioning
  • Smoke Detector

Space Availability

  • Space
  • Size
  • Space Use
  • Build-Out
  • Available
  • 1st Fl-Ste REAR
  • 3,600 SF
  • Office
  • Partial Build-Out
  • 30 Days

Commercial property available for lease (rear unit only) or for sale (entire property). The lease offering consists of the rear building/unit only. The rear unit includes a large open area, reception/waiting area, five (5) private offices, and two (2) full bathrooms with showers. The space also features both side and rear entrances. Lease rate is $15.00 per square foot per year. Lease type (NNN, modified gross, or gross), term, tenant improvements, CAM charges, utilities, maintenance, and other terms are subject to negotiation and will be defined in a fully executed lease agreement. The entire property is also offered for sale at $1,500,000. The front unit is currently leased. The rear unit is currently vacant.

Space Size Space Use Build-Out Available
1st Fl-Ste REAR 3,600 SF Office Partial Build-Out 30 Days

1st Fl-Ste REAR

Size
3,600 SF
Space Use
Office
Build-Out
Partial Build-Out
Available
30 Days

1st Fl-Ste REAR

Size 3,600 SF
Space Use Office
Build-Out Partial Build-Out
Available 30 Days

Commercial property available for lease (rear unit only) or for sale (entire property). The lease offering consists of the rear building/unit only. The rear unit includes a large open area, reception/waiting area, five (5) private offices, and two (2) full bathrooms with showers. The space also features both side and rear entrances. Lease rate is $15.00 per square foot per year. Lease type (NNN, modified gross, or gross), term, tenant improvements, CAM charges, utilities, maintenance, and other terms are subject to negotiation and will be defined in a fully executed lease agreement. The entire property is also offered for sale at $1,500,000. The front unit is currently leased. The rear unit is currently vacant.

Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 34-00600-00631-3030
  • 34-00600-00631-3028
  • 34-00600-00631-3014
  • 34-00600-00631-3029
  • 34-00600-00631-3012
  • 34-00600-00631-3013
Land Assessment
$98,000
Improvements Assessment
$406,060
Total Assessment
$504,060
  • Listing ID: 41406534

  • Date on Market: 7/23/2026

  • Last Updated:

  • Address: 1301 W 1st St, Springfield, OH 45504

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