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For Auction

Former Long John Silver’s – Englewood, OH

332 W National Road,
Englewood, OH 45322
Represented by
Colliers International

Asset Snapshot

Real Estate
Asset Type
Retail
Property Type
Freestanding Retail
Retail Subtype
1974
Year Built
1
Floor Count
1
Building Count
23
Parking Spots
0.39 Acres
Land Area
Occupancy As Of
1,855 SF
Property Size

Offering Summary

Investment Highlights

  • 0.39 acres with 216’ feet of frontage on National Road with one curb cut
  • Zoned C-3–Community Commercial allows for a variety of uses
  • 23 surface parking spaces
  • Absolute Auction - NO RESERVE

 

Offering Details

CBRE and RealINSIGHT Marketplace are pleased to present a vacant, free-standing QSR located at 332 West National Road in Englewood, Montgomery County, Ohio (the “Property”). Formerly occupied by Long John Silver’s, this Property is offered significantly below replacement cost and offers an exceptional owner/user or investment opportunity with significant value enhancement potential at a significant discount.

The Property is comprised of one, free-standing, single-story building totaling ±1,855 SF. Positioned on ±0.392 acres (17,076 SF), the Property offers abundant parking with 23 surface spaces and offers 216’ feet of frontage on National Road with one curb cut.  The Building offers drive-thru capabilities and offers prominent signage opportunities. The site is improved with an asphalt paved parking lot, concrete sidewalks, exterior pole lighting, building signage, and landscaping. This former Long John Silver’s is zoned C-3, Community Commercial, allowing for a variety of uses including retail goods & services.  The flexible zoning offers potential investors the ability to acquire a free-standing retail building with significant value add through long term lease-up, adaptive reuse, or repositioning. The Property is positioned as an outparcel to a local service-oriented in-line retail center with other outparcels including McDonald’s and First Financial.

The Property is located within Montgomery County within the North Dayton Submarket and offers excellent accessibility to the greater Dayton area via US Route 40 and I-70 (±2.5 miles from the Property). The Property offers excellent visibility and accessibility and is poised to benefit from approximately ±14,413 vehicles passing the site daily.  The Property is located near economic generators including Dayton Metro Library - Northmont Branch positioned right across the street, Nissin Precision North America (±0.5 mile),  YMCA & Sinclair Community College (±1 mile), Kleptz Early Learning Center (±1.2 miles), Northmont High School (±2 miles) and Caterpillar Logistics Facility (±10-minutes).  The Property is located in a dense residential area and in 2019 had approximately ±52,978 individuals with an average household income of ±$77,029 and a total annual consumer spending of ±$540M (five-mile).

 

Due Diligence

Platform Fee

Buyer pays platform fee at closing.

5% or $20,000 minimum

How it Works

Learn about bidding, reserve prices, and closing.

Read the auction guide

Auctioneer

Thomas Seaman
Auctioneer
License: 2007000016

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Closed

This asset was part of the May 13th, 2020 auction event, resulting in a successful transaction that closed in just 36 days.
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Investment Sales Broker

Christian Rahe
Colliers International
OH License: SAL.2017005037

Disclaimers

The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.