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Historic Commercial Building in St. Anne's 1620 E 5th St 1,380 SF Vacant Flex Building Dayton, OH 45403 $285,000 ($206.52/SF) 13.68% Cap Rate



EXECUTIVE SUMMARY
Attention investors! This beautiful building along the business corridor of 5th St. in St. Anne's Hill is full of opportunity! Will be turn key as a salon/spa with 5 private rooms can be the perfect space for your next cash-flowing investment. Each room will be marketed at $150 a week per room for a potential monthly income of at least $3250 per month once parking lot is complete. Rent each room out to a stylist or open your own self-care business here and double dip on income. Could also be office space with 5 separate offices and waiting room off the entry. Completely renovated! New roof, HVAC, plumbing, electrical, windows, water heater, flooring, drywall/paint, bathroom, etc. Agent owned. Property has a building permit approved through the city of Dayton that needs finalized to convert from residential to commercial, which seller will complete for buyer. Seller will complete final plumbing and electric inspections, HVAC is final. Seller will complete the parking lot and have final building inspection. All utilities are on. Seller will market spaces for rent and fill vacancies once parking lot is complete.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$39,000
|
$28.26
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$39,000
|
$28.26
|
| Taxes |
$1,562
|
$1.13
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$1,562
|
$1.13
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $39,000 |
| Annual Per SF | $28.26 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $39,000 |
| Annual Per SF | $28.26 |
| Taxes | |
|---|---|
| Annual | $1,562 |
| Annual Per SF | $1.13 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $1,562 |
| Annual Per SF | $1.13 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $285,000 | Lot Size | 0.11 AC |
| Price Per SF | $206.52 | Rentable Building Area | 1,380 SF |
| Sale Type | Investment or Owner User | No. Stories | 2 |
| Cap Rate | 13.68% | Year Built/Renovated | 1919/2024 |
| Property Type | Flex | Opportunity Zone |
Yes
|
| Zoning | MNC - MNC. Converted from residential to spa/salon. Historic district | ||
| Price | $285,000 |
| Price Per SF | $206.52 |
| Sale Type | Investment or Owner User |
| Cap Rate | 13.68% |
| Property Type | Flex |
| Lot Size | 0.11 AC |
| Rentable Building Area | 1,380 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1919/2024 |
| Opportunity Zone |
Yes |
| Zoning | MNC - MNC. Converted from residential to spa/salon. Historic district |
1 1
Walk Score®
Very Walkable (71)
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Historic Commercial Building in St. Anne's | 1620 E 5th St
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