501 N Wittenberg Ave - Specialty FOR SALE


Springfield, OH 45504
$575,000 USD
937-360-9952
501 N Wittenberg Ave, Springfield, OH for Sale
$575,000 USD
Specialty - FOR SALE
1/7
null | Request Cap Rate

501 N Wittenberg Ave
Springfield, OH 45504


HIGHLIGHTS

  • • Upscale student housing, rooming house, or market-rate residential conversion opportunity
  • • Boutique bed & breakfast, inn, or extended-stay lodging potential
  • • Event venue with commercial kitchen and social room in place

OVERVIEW

Rarely does a property this distinctive come to market. Located at 501 N. Wittenberg Avenue in Springfield, Ohio, this 8,430 square foot former sorority house is a genuine one-of-a-kind asset — architecturally significant, institutionally built, and brimming with adaptive reuse potential that few properties can match. From the moment you step through the mid-century modern entry, the scale and character of this building make an immediate impression. The formal living and social room anchors the main floor, providing the kind of grand communal space that today's developers, operators, and creative users actively seek and rarely find. With 14 bedrooms spread across the building's footprint, the floor plan lends itself naturally to residential conversion, boutique lodging, group living, or community programming — all within a solid, well-proportioned structure built to institutional standards. The commercial kitchen adds a layer of functionality and value that most residential conversions require years and significant capital to achieve. For an operator entering the hospitality, event, or food service space, this asset arrives ready to work. Springfield's growing development momentum — anchored by significant public and private investment in the downtown and near-campus corridors — makes the timing of this offering particularly compelling. Properties with this combination of square footage, character, bedroom count, and food service infrastructure simply do not come available often. This is a generational buy for the right operator, investor, or visionary developer.

FOR SALE DETAILS

PRICE

$575,000 USD

PRICE/SF

$68 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mid Century Classic | Investment Property

PROPERTY TYPE

Specialty

ADD'L SUBTYPES

Shelter

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1962

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

-

APN/PARCEL ID

34-00700-03530-0009

ASK ABOUT THIS PROPERTY

Patrick WilliamsColdwell Banker Commercial | HeritageMore Info
937-360-9952

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Patrick WilliamsColdwell Banker Commercial | HeritageMore Info
937-360-9952

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