545 Odlin Ave
Dayton, OH 45405
Property For Lease · 25,000 SF

**1 Space on 3 Floors- Total of 25,000 SF avail for Lease** Not Divisible. Must be sold to 1 prospect. Three habitable buildings (47,300 SF usable) plus 2 garages on 7.3435 acres. The school ( 25,000 SF plus a 1.25 acre playing field)) is currently leased to a charter school which is in the last year of a 5 year lease. That school will want to renew for 5 year more years if their sponsor renews its sponsorship, but the owner is not obligated to renew. Thus, the new owner will be able to use the school if preferred. Alternatively, the current owner (a Roman Catholic Parish) will negotiate a lease with a new charter school operator. The neighborhood has the highest density of elementary school age children in Dayton. The current operator is at full capacity and wants to expand into the other buildings if their sponsorship is renewed. That will be possible. For an experienced charter school operator, this is a no brainer! They can step into a successful location, a well maintained facility with a competitive lease rate with plenty of time to be open by the beginning of the 2018-19 school year. The school part of the property is not separately for sale, but the entire campus is available for purchase at $1,350,000. The parish would like to lease back the church (seating for 500+/-) for 1-2 years, but that building would make a great gymnasium if the new operator wished for it to be so. That building has a full lower level (high ceilings, two classrooms, two restrooms, a full kitchen and an elevator). The third building is a 2.5 story office that could be converted to at least 5 additional classrooms.