903 Washington BlvdHamilton, OH 45013

Property Details for 903 Washington Blvd

Year built

1995

Lot size

2.52 AC

Property size (Sq ft)

18,872 SF

Property type

Office buildings

APN

P6411-137.000-030

APU

P6411137000030

Description

This exceptional 1.835-acre commercial property, located at 903 NW Washington Blvd in Hamilton, Ohio (Butler County, zip code 45013), presents a unique investment opportunity. Priced at $350,000, this translates to $191,000 per acre, reflecting the land's significant value in a rapidly developing commercial area. The property is zoned for Business Planned Development (BPD), offering considerable flexibility for various commercial uses, including retail and office spaces. The site boasts a flat topography, an existing curb cut, and readily available utilities, simplifying development and operational costs. Its strategic location provides excellent visibility and accessibility, benefiting from proximity to major retailers and restaurants such as Kroger, Meijer, Walmart, Lowe's, Chipotle, Texas Roadhouse, and Raising Cane's. The property's APN is P6411137000031. This prime location and versatile zoning make this an ideal investment for developers and businesses seeking a high-traffic, well-established commercial area. The property's latitude and longitude coordinates are 39.42592 and -84.5882816 respectively. This is a rare opportunity to acquire a substantial commercial parcel in a thriving Ohio market.

• CAP approach

  CAP return

  Valuation

  6%

  $2,232,984

  6.5%

  $2,061,216

  7%

  $1,913,986

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,343,714

  Geo Method

  $2,343,714

• Alternative Use

  Use

  Valuation

  Residential

  $2,555,908

  Hospitality

  $2,341,198

  Educational

  $1,947,849

  Medical

  $2,014,838

  Retail

  $3,029,987

Location Insight

City

Hamilton

County

Butler

State

Ohio

Latitude

39.4259

Longitude

-84.5882

CBSA code

17140

CBSA name

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

Property Tax & Assessments

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