8523 Cincinnati Columbus RdWest Chester, OH 45069

Property Details for 8523 Cincinnati Columbus Rd

Year built

1942

Lot size

1.36 AC

Property size (Sq ft)

3,510 SF

Property type

Retail properties

Property subtype

Retail space

APN

M5610-013.000-010

APU

M5610013000010

Description

This exceptional 3,510 square foot retail property, located at 8523 Cincinnati Columbus Rd in West Chester, Ohio (zip code 45069), presents a unique investment opportunity. Situated on a substantial 1.36-acre lot (APN: M5610-013-000-010), this property boasts a prime location on St. Rt. 42, ensuring high visibility and accessibility. The property consists of two buildings, spanning two stories, and was constructed in 1942. Currently configured as a salon, the versatile space is zoned for Neighborhood Business use, offering a wide range of potential applications. The property's zoning allows for various uses, making it ideal for a strip center or a freestanding business. The existing structure includes a 3-car garage and storage shed in the rear, providing ample additional space. The asking price is $590,000. This owner-user opportunity offers significant potential for a savvy investor seeking a high-traffic location with substantial land area. The property's net rentable square footage is 3,510 square feet, providing ample space for a variety of businesses. The property's location in Butler County, Ohio, offers excellent access to major transportation routes and a thriving local community. This is a rare opportunity to acquire a well-located property with significant development potential.

• CAP approach

  CAP return

  Valuation

  6%

  $581,733

  6.5%

  $536,984

  7%

  $498,628

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,098,485

  Geo Method

  $1,098,485

• Alternative Use

  Use

  Valuation

  Residential

  $452,966

  Hospitality

  $414,915

  Educational

  $345,204

  Medical

  $357,076

  Retail

  $536,984

Location Insight

City

West Chester

County

Butler

State

Ohio

Latitude

39.3309

Longitude

-84.3528

CBSA code

17140

CBSA name

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

Property Tax & Assessments

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