51 Main StAddyston, OH 45001

Property Details for 51 Main St

Year built

1995

Lot size

4.33 AC

Property size (Sq ft)

852 SF

Property type

Sports & entertainment properties

Property subtype

Amusement parks

APN

571-0008-0011-00

APU

5710008001100

Description

This exceptional Addyston, Ohio business opportunity, located just outside Delhi, is offered at $900,000 with a 15.70% cap rate and a strong NOI of $172,607. The property includes four buildings on a 22-acre lot with 40 parking spaces and permitted business zoning. The turnkey operation includes all real estate, furniture, fixtures, and equipment, currently generating gross income of $195,204. Expenses include annual taxes ($5,303), insurance ($2,600), gas/electric ($2,700), water/sewer ($840), and maintenance ($7,250). The property features a pro shop with office, storage, and a large detached garage (30x40). Two long-term residential rentals are included, currently generating $1,300 monthly rent. The business includes 20 bays (12 covered), ball dispensing and picking machines, a ball washer, and extensive inventory (clubs, balls, etc., valued at approximately $110,000). Seller financing options are available. The property offers significant expansion potential, including adding a pickleball court or putt-putt course. The current tenant pays taxes, water, sewer, insurance, and exterior maintenance. This is a stabilized, multi-tenant business opportunity with a high return on investment. The property is easily accessible and has excellent road frontage. Please note that the property is currently operating as a golf ball business.

Location Insight

City

Addyston

County

Hamilton

State

Ohio

Latitude

39.1272

Longitude

-84.696

CBSA code

17140

CBSA name

CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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