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 $154,521.
- The center is situated on the signalized hard corner of West 2nd Street and South Orange Street (10,900 combined VPD) with approximately 205 feet of
- Xenia is poised for continued growth w/ multiple new developments including 500 new single-family homes that are expected to be built w/i 5-6 years.
- 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).
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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