605-645 W 2nd St | Xenia, OH 45385
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- LoopNet Team
605-645 W 2nd St
Xenia, OH 45385
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Stabilized Investment Opportunity: Currently 100% occupied with an operating NOI of $152,193.
- Prominent location: The center is situated on the signalized hard corner of West 2nd Street and South Orange Street (10,900 combined VPD).
- Surrounding retailers include Chase Bank, Taco Bell, FedEx, Ace Hardware, Dollar General, Goodwill & more.
- Weighted Average Lease Term (WALT) of 3.59 Years: The WALT of all the tenants combined is approximately 3.59 years.
- The center is in the heart of the community, Cox elementary is 0.5 miles north of the center (262 students).
- Xenia is poised for continued growth with multiple new developments including more than 500 new single-family homes are expected to be built soon.
PROPERTY FACTS
Property Type
Retail
Building Size
13,200 SF
Building Class
C
Year Built
1988
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
1.38 AC
Parking
75 Spaces (5.68 Spaces per 1,000 SF Leased)
Frontage
464’ on West 2nd Street
AMENITIES
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $175,090 | |
| Land Assessment | $105,140 | Total Assessment | $280,230 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$105,140
Improvements Assessment
$175,090
Total Assessment
$280,230
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