REIT Sale | Former Family Dollar | 2012 Built | Signalized Corner | 9K VPD

Highlights:

• 8,000 SF Freestanding Value-Add Retail on 1.33 Acres Available at Substantial Discount Below Replacement Cost
• Built in 2012; Former Family Dollar with Open Floor, Rear Storage Room, and Side Door for Deliveries
• Surrounding Traffic Generators: Wendy’s, Jimmy John’s, Long John Silver’s, Advance Auto Parts, USPS, Wittenberg University, Mercy Health Medical Center, School of Innovation, Catholic Central High School
• 9,182 VPD Combined Traffic Count Frontage at Signalized Intersection (Selma Rd and East St)
• Dense Demographics with 5-Mile Population of ±79,851 and Annual Household Income of ±$64,886
• Zoned CN-1, Neighborhood Commercial District with a Variety of Permitted Uses

Description:

Ri Marketplace Online Auction March 2-4, 2026
Register to bid on Marketplace:

https://rimarketplace.com/auction/2966/reit-sale-former-family-dollar-2012-built-signalized-corner-9k-vpd?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=retail_2966

Marcus & Millichap and RI Marketplace are pleased to present the opportunity to acquire a vacant, free-standing retail building located at 801 Selma Road, Springfield, Clark County, Ohio 45505 (the “Property”). Formerly occupied by Family Dollar, the Property is being offered significantly below replacement cost, creating an excellent opportunity for owner-users or investors to secure a highly visible retail asset with direct highway frontage at a compelling basis. FIRST BID MEETS RESERVE!

Built in 2012, the Property consists of a ±8,000-square-foot, single-story free-standing retail building situated on ±57,921 square feet (±1.33 acres) with an asphalt surface parking lot with 43 spaces. Constructed to modern design standards, the building features an open retail floor plan and a flexible footprint suitable for a wide range of commercial uses. The site is strategically positioned with frontage along Selma Road which sees approximately ±6,026 vehicles per day (VPD) and frontage along East Street (±3,156 VPD), ensuring visibility and accessibility. The Property was formerly occupied by Family Dollar on a NNN lease, offering potential owner/users or investors significant value-add opportunities through lease-up at long-term market rates (CoStar estimated asking rent of $13-$16/SF NNN retail). Zoned CN-1, Neighborhood Commercial District, the Property accommodates a wide range of commercial uses, enhancing its appeal to both a diverse variety of end-users and investors alike.

Springfield, Ohio is a regional commercial and industrial center located along Interstate 70 between Dayton and Columbus, offering strong east‑west connectivity and access to major Midwest markets. The local economy is anchored by advanced manufacturing, logistics, and healthcare, with key employers like Honda’s engine plant and Springfield Regional Medical Center supporting stable workforce demand and industrial activity. The site is strategically located along Selma Road and approximately 1.8-miles north of I-70 ensuring strong visibility and accessibility for both local residents and regional traffic. The surrounding 3-mile trade area is home to ±59,585 residents with an average household income (AHHI) of ±$59,719, while the 5-mile trade area expands to ±79,951 residents with an AHHI of ±$64,886 - providing a robust consumer base to support retail, restaurant, and service-oriented operations.


Thomas Seaman
Auctioneer
License: 2007000016
The platform fee for this transaction is the greater of 5.00% or a minimum of $20,000.

Documents: