Firefly Building
Mixed Use | 30,255 SqFt
Marketing description
Ideally positioned in the heart of Dayton’s Central Business District along Webster Street between East 1st and East 2nd Streets, The Firefly was originally constructed in 1920 and underwent a complete historic renovation in 2001– 2002. The renovation transformed the building into loft-style creative office and residential condominiums, blending authentic architectural character with modern amenities.
OPPORTUNITY ZONE!
The four-story building with a lower level consists of three (3) residential condo units (not included in this offering) and one commercial condo. The commercial condominium, which is the subject of this offering, includes approximately 24,570 square feet of high-quality office space, 4,719 square feet of lower-level storage and unconditioned space (formerly leased as a photography studio), and a six-space parking garage totaling ±1,333 square feet.
Investment highlights
VALUE-ADD POTENTIAL: Current rents of $13.21/SF are below market, creating immediate upside through rent growth. Additional income can be unlocked by leasing unused storage and unconditioned areas to creative tenants.
PRIME DOWNTOWN LOCATION In Dayton’s Central Business District, The Firefly offers walkability to Fifth Third Field, 2nd Street Market, and dining and entertainment, with over $100M in nearby ongoing investment.
STRONG OCCUPANCY & TENANT MIX: - 94% leased to five tenants, including creative, tech, and service firms such as The Remedy Studios & Events, Boom Crate, Lunne Marketing Group and Manny’s Repair & Maintenance.
FLEXIBLE, AMENITY-RICH SPACE: ±24,570 SF of loft-style office space with exposed brick, high ceilings, and open layouts, plus ±4,719 SF of storage/unconditioned space and a six-space indoor garage. Amenities include kitchenettes, a shared conference room, and a rooftop terrace with city views.
PARKING & INCOME: Includes 24 on-site spaces plus 50 long-term leased nearby. Additional revenue comes from garage spaces rented to condo owners and tenants.
HISTORIC CHARACTER, MODERN SYSTEMS: Built in 1920 and fully renovated in 2001–2002, The Firefly combines historic detail with updated systems, including a recently replaced roof.
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