Value-Add Professional Office with Cash Flow 1240 E Main St 55% Let Office Property Online Auction Sale Springfield, OH 45503

Discover this rare opportunity to acquire an income-producing modern office facility with substantial value-add potential at 1240 E Main Street in Springfield, Ohio. Delivered 55% occupied with a diverse tenant mix comprising a dental practice, professional services, and real estate businesses, the facility delivers existing cash flow with the upside to lease the remaining vacancies and capture growing rents in a tight submarket.

Attract tenants with well-maintained, contemporary office spaces. Spanning 10,098 square feet across three stories, 1240 E Main Street was built in 1964 on a 0.61-acre lot. It features an eye-catching brick façade, prominent building signage, and abundant parking for 44 vehicles. Businesses operating at the property enjoy versatile floor plans with private offices and collaborative conference spaces that feature large windows for rich natural lighting.

The surrounding Northeast Dayton Office Submarket displays strong fundamentals which empower leasing efforts for the new owner of 1240 E Main Street. Currently, the submarket posts vacancies of just 2.1%, below the five- and 10-year average. The limited vacancies and no new inventory under construction create a high barrier to entry that has driven rental rates up 2% annually.

Situated in a highly visible position directly off E Main Street, the property receives daily visibility to over 13,000 vehicles and provides convenient access to Springfield’s top amenities. E Main Street offers a vibrant retail corridor, inviting tenants to charge up with coffee at Tim Hortons, grab lunch at Wingstop, Subway, or McDonald’s, and run after-work errands at Walmart Supercenter, Kroger, Walgreens, and O’Reilly Auto Parts, all within five minutes of 1240 E Main Street. This prime location also offers walkability to major attractions and job centers, including Wittenberg University, the Springfield Museum of Art, and Mercy Health - Springfield Regional Medical Center. Springfield is also brimming with options for outdoor recreation at Buck Creek State Park, the Clark County Fairgrounds, and several highly rated golf courses.

Springfield offers a compelling environment for new investment, supported by a growing population of more than 83,000 living within 5 miles of 1240 E Main Street. These local residents deliver a workforce of more than 42,000, and with over 89% employed in service-producing industries, there is a dependable pipeline of qualified talent for office businesses.

Realize the true potential of this prime investment that combines existing income with a high-exposure location within a constrained submarket at 1240 E Main Street.

Property tours are by appointment only. Please contact the listing broker to schedule.