1301 W 1st St - Medical FOR SALE


Springfield, OH 45504
$1,500,000 USD
937-505-9233
1301 W 1st St, Springfield, OH for Sale
$1,500,000 USD
Medical - FOR SALE
1/17
null | Request Cap Rate

1301 W 1st St
Springfield, OH 45504


HIGHLIGHTS

  • Front unit is currently leased, providing existing income
  • Multiple side and rear entrances enhance accessibility
  • Vacant rear unit offers immediate owner-user occupancy potential, rear unit includes five private offices and a reception area.
  • Convenient access to US-68 and Springfield commercial amenities

OVERVIEW

1301 W 1st Street presents an opportunity to acquire a multi-tenant office property in Springfield, Ohio with existing income and future occupancy flexibility. The property is offered for sale at $1,500,000 and includes a front unit that is currently leased along with a rear unit that is currently vacant, and available for lease. This configuration provides immediate occupancy potential for an owner-user while maintaining income from the existing tenant. The vacant rear unit is configured with a large open work area, reception and waiting area, five private offices, and two full bathrooms with showers. Multiple entry points, including side and rear entrances, support operational flexibility for a variety of professional, medical, office, or service-oriented users. The existing layout can accommodate owner-occupants seeking a functional office environment while preserving the benefits of an income-producing component within the property. The property is positioned within Springfield's established commercial corridor with convenient access to major transportation routes, including US-68 and regional thoroughfares that connect businesses throughout Clark County and the greater Dayton market. Nearby retail, dining, and commercial services contribute to the property's accessibility for employees, clients, and visitors. Ample on-site parking further supports day-to-day operations and customer convenience. For investors, the combination of existing tenancy, vacancy upside, and owner-user potential creates multiple pathways for value creation. For owner-occupants, the ability to occupy the vacant rear unit while benefiting from income generated by the leased front unit offers a compelling opportunity within a well-established commercial location.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$417 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Freestanding, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1971

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

-

APN/PARCEL ID

34-00600-00631-3012,34-00600-00631-3013,34-00600-00631-3014,34-00600-00631-3028,34-00600-00631-3029,34-00600-00631-3030

ASK ABOUT THIS PROPERTY

Sunil DhingraAlways Sunny RealtyMore Info
937-505-9233

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Sunil DhingraAlways Sunny RealtyMore Info
937-505-9233

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.