$225,000
Rare opportunity to acquire a historic mixed-use redevelopment property in one of Downtown Dayton’s fastest-growing districts. Built circa 1865, this property is one of the few buildings to survive both the Great Dayton Flood and the East Third Street fire of 1913, offering authentic historic character that cannot be replicated.
Located in the emerging Fire Blocks District, this property is surrounded by new restaurants, renovated residential buildings, and continued private investment, positioning it for strong long-term appreciation and redevelopment potential.
Approximately 6,000 square feet total (about 2,000 sq ft per level) plus a full basement. Open layouts on all floors allow multiple redevelopment strategies including:
• Mixed-use retail + residential conversion
• 4–6 apartment unit potential (buyer to verify)
• Luxury loft redevelopment
• Creative office or live/work spaces
• Boutique commercial redevelopment
• Long-term hold investment
Concept plans available showing potential mixed-use configuration.
Upper floors feature exposed brick, tall ceilings, industrial architectural details, and original structural character ideal for adaptive reuse. Property has been cleared out with partial demolition completed, reducing early redevelopment costs.
This is a true blank slate redevelopment opportunity for experienced investors or developers looking to add value through renovation and repositioning.
Building will require full mechanical updates. Utilities have been inactive for several years. Sold as-is. Buyer responsible for all inspections, zoning verification, tax abatements, and redevelopment approvals.
Must close with M&M Title Agency (details available from listing agent).
Opportunities like this rarely come available in Downtown Dayton’s redevelopment corridor. Ideal for investors seeking a historic repositioning project with strong upside potential.
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944969
MLS
138 E 3rd Street, Dayton
Courtesy of Ruby Annie Newbourn and Unity Real Estate
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