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$ 1,299,000
Est. payment | /mo
0.35 Acres Lot
$ 1,299,000
Est. payment | /mo
0.35 Acres Lot
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1852517
Year Built 1966
Lot Size 0.354 Acres
Property Sub-Type Retail
Source Cincinnati Multiple Listing Service
Property Description
Very Strong 3 Tenant, Busy Neighborhood Strip Center, with an Attractive Cap Rate and NOI for Investors NOI - $108,884 Cap Rate - 8.38% Located between the neighborhoods of Western Hills, Price Hill and Delhi 100% Occupied and Stabilized Parking Lot was resealed in Summer 2024 Tenants; Shangri-La Marijuana Dispensary, brand new tenant to the center, complete renovation to the space with over $500k in added improvements including new HVAC, electrical, plumbing, and other fixtures. (3) 5-year extension options currently remaining, 3% annual bumps Papa Johns, long-time tenant of the center for 25+ years, currently on their last option on the current lease, 3% annual bumps Shamrock Coin Laundry Laundromat, long-time tenant of the center for 20+ years, (1) 5-year extension option remaining on current lease, 3% annual bumps
Location
State OH
County Hamilton
Area Hamilton-W04
Zoning Business,Commercial
Rooms
Basement None
Interior
Heating Central
Cooling Central Air
Flooring Vinyl
Exterior
View Y/N No
Water Access Desc At Street
Roof Type Membrane
Building
Foundation Slab
Sewer Public Sewer
Water At Street
Level or Stories One
New Construction No
Listed by Dwyer Commercial Real Estate