“We’ll have some later-model vehicles at relatively good prices. Some of the best prices around,” Stoltz said. “We will offer some in-house financing on a small scale for those people who are credit challenged.”
Stoltz bought the property from The Mountain Agency, LLC in Cincinnati on March 27 for $425,000, according to Montgomery County Auditor’s records. The Mountain Agency, which is affiliated with Jeff Wyler, owned the property since October of 2002.
United Auto Group is set to have up to eight employees.
The dealership’s presence in the community is significant on many levels, according to Carl Daugherty, Trotwood’s Planning director.
“First, it takes a prominently located building which has been idle since 2009 and puts it back into productive reuse and reinvestment,” Daugherty said. “In addition, the particular ownership group is a highly established and reputable operator of two facilities under the moniker Troy Auto Group. It’s evident from observing its Troy operations that a great deal of attention is paid to maintaining a strong visual appearance under their business model.”
Stoltz also owns the Troy Auto Group dealership at 954 S. Market Street, according to Miami County Auditor’s records.
Daugherty went on to say that the owners described the dealership as a second-hand motor vehicles sales operation that deals primarily with later-model vehicles that have an average vehicle age of seven years.
“Further, in talking with the operator (Steven Stolz), they are extremely excited about the location and the sales potential which the northwest market represents,” Daugherty said.
Stoltz said he believes he and the other dealership owners have picked a good location.
“We’re going to try and hopefully do something well for that area of Trotwood,” Stoltz said. “I believe that’s a good location. Good traffic count, right across from Hara Arena. Hopefully, we can get something started here where we can bring some businesses back into the community.”
The dealership, which is at the corner of Shiloh Springs Road and Wolf Road, is the latest business to move into the city, which has seen several retail failures recently.
Target announced in January that its closing its Shiloh Springs Road store on May 3. Sears closed earlier this year, while Cubs, Kmart and TNT Fashions closed last year.
Last month, dots, which has a clothing store in the Consumer Square Shopping plaza, announced that all its stores are going out of business.
The city has seen some bright spots like the recent openings of Sharks Fish and Chicken, 5335 Salem Ave. and Dry Clean $3.99 at 5268 Salem Ave.
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