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3137-3145 Salem Ave
Dayton, OH 45406
Off the Charts · Retail Property For Sale
Investment Highlights
- Value-Add Potential: One unit is currently vacant, offering immediate upside through lease-up and a clear path to enhance net operating income.
- Passive Income Stream: The anchor tenant occupies approximately 86% of the rentable area under a triple-net (NNN) lease
- Limited Direct Competition: The nearest competing dispensary is located approximately four miles away
- Attractive Yield: Offered at an in-place Year 1 cap rate of 10.84%, presenting a compelling return profile for investors.
- Established Cannabis Market: Ohio ranks among the nation’s leading cannabis markets, with medical marijuana sales exceeding $2.2 billion
- Tenant Commitment: Cannabis tenants face high relocation barriers due to strict state zoning regulations
Property Facts
Property Type
Retail
Property Subtype
Storefront
Building Size
7,600 SF
Building Class
C
Year Built
1945
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.43
Lot Size
0.41 AC
Zoning
C - Commercial
Parking
13 Spaces (1.71 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signalized Intersection
- Storage Space
- Air Conditioning
- Smoke Detector
Property Taxes
| Parcel Number | R72-16307-0012 | Improvements Assessment | $114,900 |
| Land Assessment | $22,620 | Total Assessment | $137,520 |
Property Taxes
Parcel Number
R72-16307-0012
Land Assessment
$22,620
Improvements Assessment
$114,900
Total Assessment
$137,520
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