For Sale
$1,650,000

24 Compton RdCincinnati, OH 45216

Fully Leased Medical Office Building, Cincinnati

Overview

Added:
Dec 11, 2024
Days on market:
113
This fully leased, 15,525 square foot medical office building presents a compelling investment opportunity in Cincinnati, Ohio. Located at 24 Compton Rd, 45216, this Class B property boasts a strong 11.28% capitalization rate and a substantial net operating income (NOI) of $186,159 annually. The asking price is $1,650,000. Built in 1964 and extensively renovated in 2024, the two-story building features modern office and medical finishes, appealing to a diverse tenant base. Currently housing twelve tenants with 100% occupancy, the lease type is modified, and the property is zoned B-2. Ample parking is available with 39+ surface spaces (2.5 per 1000 square feet). The building benefits from high visibility on Compton Road, enhanced by a prominent monument sign. Convenient access to SR-126 adds to its strategic location. The property's strong financial performance, coupled with its desirable location and recent renovations, makes it an attractive investment for discerning buyers. The building's first-floor spaces offer retail appeal, further enhancing its versatility and potential for future growth. The property's APN is 590-0081-0018-00. The occupancy date is October 8, 2024.

Highlights

  • Fully leased medical office building, 15,525 square feet, in Cincinnati, OH.
  • Zoned B-2, with high visibility on Compton Rd and a monument sign.
  • Ample parking: 39+ surface spaces (2.5/1000 SF).
  • Modern office and medical finishes; renovated in 2024.
  • First-floor spaces offer retail appeal.
  • Excellent location with convenient access to SR-126.

Property Details for 24 Compton Rd

Property type
Office properties, Medical offices
Square Feet
15,525 SF
Class
B
Year Built/Renovated
1964/2024
Buildings
1
Stories
2

Location Insight

City
Cincinnati
County
Hamilton
State
Ohio
Latitude
39.216163
Longitude
-84.4751599
24 Compton Rd, Cincinnati, Ohio

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24 Compton Rd
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