1660 W 1st St
Springfield, OH 45504
Bob Evans · Retail Property For Sale

The subject investment Bob Evans is strategically situated on West First Street at the hard corner of two signalized intersections. The property benefits from excellent frontage along Ohio State Route 41 as well as North Bechtle Avenue, which bring approximately 28,500 and 19,000 vehicles into the immediate area each day, respectively. On and off exits for U.S. Route 68 lie less than a quarter of a mile from the site, with U.S. Route 68 bringing an additional 18,500 vehicles into the immediate surrounding area each day. There are more than 43,000 individuals residing within a three-mile radius of the subject property and more than 83,000 individuals within a five-mile radius. This Bob Evans benefits from its central position in a highly dense retail corridor that consists of national and local tenants, shopping centers, academic institutions and medical facilities, all within close proximity of the property. Major national tenants in the immediate area include: Walmart, Meijer, Home Depot, Lowe’s, Kroger, Aldi, Hobby Lobby, McDonald’s, Panera, Taco Bell, Arby’s, Steak ‘n Shake, Texas Roadhouse, Red Lobster and many more. The subject property is situated approximately one mile from the Upper Valley Mall, a 267,000 square foot retail shopping center with more than 40 stores. The subject property additionally sits in a strong academic region with multiple schools within a four-mile radius, including: Wittenberg University, Springfield High School, Roosevelt Middle School, Lagonda Elementary and Snow Hill Elementary. Together these schools boast a total combined enrollment of approximately 5,000 students. Springfield Regional Medical Center, a 254-bed medical facility, is less than two miles from the subject property. This hospital has earned the Joint Commission’s Gold Seal of Approval as well as the American Heart Association/American Stroke Association’s Heart-Check mark for Advanced Certification for Primary Stroke Centers. Springfield is known as the Champion City because the revolutionary Champion Reaper was made here in the late 1800s. Today, that same innovative spirit drivers Greater Springfield forward as the city continues to attract and nurture growing businesses that rely on the area’s unique mix of technology, resources, human capital, ideal location and business-friendly environment. Sparked by large company investments, an improving downtown and an increasingly diverse economy, the city of Springfield seems to be on the path toward sustained economic growth. Improvements to downtown Springfield began with Springfield Regional Medical Center. With the city’s assistance, 50 acres of blighted properties were cleared and turned over to the hospital, which built a $240 million facility. The benefits of having this large hospital downtown are many: it turned a brownfield site with several closed and deteriorating manufacturing plants into developed space; allowed the city to realign the roadways surrounding the site to make it more accessible; created new jobs and drew more people downtown; and drew additional investments. Two of the newest companies to locate in Springfield are also making some of the largest investments the city has seen in recent years. Technology manufacturer Silfex and auto supplier Topre America, both of which are opening new facilities in the city, have committed to a combined investment of more than $350 million and close to 700 jobs. These projects are all providing an economic boost to Springfield through income tax revenue, job creation and real estate development.