For Sale
$1,250,000

3800 Red Bank RdCincinnati, OH 45227

Prime Cincinnati office building, high occupancy.

Overview

Added:
Dec 11, 2024
Days on market:
115
This stabilized, multi-tenant office building at 3800 Red Bank Road in Cincinnati, Ohio presents a compelling investment opportunity. The 13,100 square foot, single-story building, constructed in 1966 and renovated in 2020, boasts a Class B rating and is situated on a 0.952-acre lot within the H-Reinvestment District. Currently 73% occupied by two tenants, the property offers a strong net operating income (NOI) of $48,607, resulting in a 3.89% cap rate. The asking price is $1,250,000, translating to $95.42 per square foot. Ample parking is provided with 46 spaces, and the property features convenient outdoor storage. The building's location on Red Bank Road provides excellent visibility and exposure, with opportunities for prominent building signage and branding. Surrounding retail amenities further enhance the property's appeal. The property's modified lease type and the absence of a tenant credit rating should be considered in due diligence. The Hamilton County location, with a zip code of 45227, offers easy access to various transportation routes and local businesses. This is a rare chance to acquire a well-positioned, income-producing asset in a thriving Cincinnati neighborhood. The property's permitted zoning allows for reinvestment opportunities.

Highlights

  • 13,100 SF single-story office building on a 0.952-acre lot in Cincinnati, OH.
  • Class B building, built in 1966, renovated in 2020, located in the H-Reinvestment District.
  • 73% occupancy with two tenants, generating a $48,607 NOI and a 3.89% cap rate.
  • Asking price: $1,250,000 ($95.42/SF), with 46 parking spaces and outdoor storage.
  • Excellent visibility on Red Bank Road (45227) with convenient access to transportation and amenities.

Property Details for 3800 Red Bank Rd

Property type
Office properties
Square Feet
13,100 SF
Class
B
Year Built/Renovated
1966/2020
Buildings
1
Stories
1
Lot Size (sq. ft)
41,469 SF

Location Insight

City
Cincinnati
County
Hamilton
State
Ohio
Latitude
39.14380341906
Longitude
-84.405084004709
3800 Red Bank Rd, Cincinnati, Ohio

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3800 Red Bank Rd
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