Listed by Marcus & Millichap | The Patel Yozwiak Group
$3,300,000
Two Parcel Retail Redevelopment Opportunity
Details
Property Type Retail, Mixed Use
Square Footage 17,568
Tenancy Vacant
Year Built 2005
Year Renovated 2018
Buildings 2
Acreage 13.910
Zoning Light Industrial (LI)
Ground Lease No
13.91 Acres in Retail and Logistics Corridor
Investment highlights
- TWO RETAIL/FLEX PROPERTIES: 11,568-SF former gun range and training facility on a large 11.28 acre lot and 6,000- SF former church building on a 2.63 acre lot, totaling 13.91 acres. Both zoned for a variety of commercial and retail redevelopments. Additional $1,000/Year income from billboard on site.
- LARGE PARKING LOT: Both buildings feature large parking lots with drawn plans for a connected driveway loop between the parcels, setting up frontage for additional retail development.
- EASY CONVERSION TO RETAIL OR INDUSTRIAL SPACES: Former gun range property is outfitted with a large air handling filtration system. Former church offers simple build-out for flex or retail tenant.
- RETAIL AND LOGISTICS LOCATION: Located along Ringwood road, directly adjacent to Walmart Supercenter, Tractor Supply Co and Schneider Electric distribution center. Additional local retail/light industrial tenants nearby.
- STRONG LOCATION: Located just off of US-27/College Corner Pike, seeing over 7,800 Vehicles per day (VPD). 2.5 miles from Miami University campus and downtown Oxford. US-27 is a major traffic thoroughfare connecting south to downtown Cincinnati.
- STABLE AND GROWING DEMOGRAPHICS: The population exceeds 27,700 within 5-miles of tvwhe property and is projected to increase by 2030. Daytime population of over 41,800. Average household incomes exceed $96,700 within 1 mile.
- MAJOR UNIVERSITY PRESENCE: Oxford is home to Miami University, a major public university with over 20,000 students and NCAA Division I athletics.
Listing Contacts
Listed by Marcus & Millichap | The Patel Yozwiak Group
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