New to Real Estate · Columbus, OH · Member since 2018 · 41 posts · 30 votes
I typically work out of Columbus and and am much more familiar with that area, however I recently came across an abandoned commercial property in Dayton (more specifically Northridge?) but am completely unfamiliar with the area. I am trying to run some numbers on the property but am unsure what demand is like for a property like this in Dayton? Is there a good deal of commercial vacancy right now?
As for the duplexes in Springfield what sort of returns are investors looking for in that area? I'm not seeing a lot of volume and am hesitant to get into something I cannot move at a later date.
Contractor · Member since 2020 · 16 posts · 16 votes
5y
@Ryan Freet
I’m an investor/contractor in Springfield. It’s definitely an interesting market. If you want to meet up sometime to talk more I’m happy to share what I know.
Contractor · Member since 2020 · 16 posts · 16 votes
5y
@Ryan Freet
I’m an investor/contractor in Springfield. It’s definitely an interesting market. If you want to meet up sometime to talk more I’m happy to share what I know.
Lender · Dayton, OH · Member since 2020 · 11 posts · 7 votes
5y
Is it a vacant retail building, office building or industrial/flex kind of space? Northridge is one of the softer markets in all of Dayton. Our firm has been based in Dayton for 40+ years, so I am happy to discuss further if you would like.
New to Real Estate · Columbus, OH · Member since 2018 · 41 posts · 30 votes
5y
@Account Closed It has vacant retail and restaurant space but would require a full gut and rehab. Looking around online I am seeing a decent amount of commercial vacancy which leads me to believe the market for a full rehab on some commercial space is very small. I am thinking it would only have land value at this point.
@Nate Fleming I'm trying to gauge interest in Springfield from investors. I don't have a lot of info on the various areas of town, I'm looking specifically Oakwood Place, Clifton Avenue, Highlands and that area. I'd definitely be interested in hear your thoughts.