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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

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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.

ATTACHMENTS

Flyer5198

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
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
Walk Score®
Very Walkable (71)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 35732315

  • Date on Market: 5/3/2025

  • Last Updated:

  • Address: 1620 E 5th St, Dayton, OH 45403

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