$1 Auction - REIT Sale-Former Family Dollar 801 Selma Rd 8,000 SF Retail Building Springfield, OH 45505 $75,000 ($9.38/SF)

Marcus & Millichap is pleased to present the opportunity to acquire a vacant, free-standing retail building located at 801 Selma Road, Springfield, Clark County, Ohio 45505 (the “Property”). Formerly occupied by Family Dollar, the Property is being offered significantly below replacement cost, creating an excellent opportunity for owner-users or investors to secure a highly visible retail asset with direct highway frontage at a compelling basis. FIRST BID MEETS RESERVE!
Built in 2012, the Property consists of a ±8,000-square-foot, single-story free-standing retail building situated on ±57,921 square feet (±1.33 acres) with an asphalt surface parking lot with 43 spaces. Constructed to modern design standards, the building features an open retail floor plan and a flexible footprint suitable for a wide range of commercial uses. The site is strategically positioned with frontage along Selma Road which sees approximately ±6,026 vehicles per day (VPD) and frontage along East Street (±3,156 VPD), ensuring visibility and accessibility. The Property was formerly occupied by Family Dollar on a NNN lease, offering potential owner/users or investors significant value-add opportunities through lease-up at long-term market rates (CoStar estimated asking rent of $13-$16/SF NNN retail). Zoned CN-1, Neighborhood Commercial District, the Property accommodates a wide range of commercial uses, enhancing its appeal to both a diverse variety of end-users and investors alike.
Springfield, Ohio is a regional commercial and industrial center located along Interstate?70 between Dayton and Columbus, offering strong east-west connectivity and access to major Midwest markets. The local economy is anchored by advanced manufacturing, logistics, and healthcare, with key employers like Honda’s engine plant and Springfield Regional Medical Center supporting stable workforce demand and industrial activity. The site is strategically located along Selma Road and approximately 1.8-miles north of I-70 ensuring strong visibility and accessibility for both local residents and regional traffic. The surrounding 3-mile trade area is home to ±59,585 residents with an average household income (AHHI) of ±$59,719, while the 5-mile trade area expands to ±79,951 residents with an AHHI of ±$64,886 - providing a robust consumer base to support retail, restaurant, and service-oriented operations.