200 Locust StOxford, OH 45056

Property Details for 200 Locust St

Year built

2007

Lot size

1.39 AC

Property size (Sq ft)

14,949 SF

Property type

Retail properties

Property subtype

Retail space

APN

H4100-016.000-110

APU

H4100016000110

Description

This exceptional redevelopment opportunity presents a unique chance to acquire a prime retail site in Oxford, Ohio, the vibrant home of Miami University. Located at 200 S Locust St, this 1.39-acre property boasts a single-story, 14,761 square foot building, ideally suited for a variety of retail or restaurant uses. Previously occupied by grocery and pharmacy tenants, the property offers significant potential for adaptive reuse or new construction. The site features ample parking with 61 spaces, ensuring convenient access for customers and employees. Its prominent corner location provides excellent visibility and accessibility, making it an attractive proposition for businesses seeking high foot traffic. The property is being offered as a ground lease, presenting a flexible and potentially cost-effective entry point for prospective tenants or developers. Situated in Butler County, Ohio, with a 45056 zip code, this location benefits from the strong economic activity generated by the university and the surrounding community. This is a rare opportunity to establish a thriving business in a desirable and high-demand area. The property's size and location make it an ideal candidate for a variety of retail concepts, including grocery stores, pharmacies, restaurants, or other similar uses. Serious inquiries are encouraged to explore this exciting redevelopment prospect further.

• CAP approach

  CAP return

  Valuation

  6%

  $2,735,409

  6.5%

  $2,524,993

  7%

  $2,344,636

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,678,421

  Geo Method

  $4,678,421

• Alternative Use

  Use

  Valuation

  Residential

  $2,129,926

  Hospitality

  $1,951,001

  Educational

  $1,623,210

  Medical

  $1,679,035

  Retail

  $2,524,993

Location Insight

City

Oxford

County

Butler

State

Ohio

Latitude

39.508

Longitude

-84.7498

CBSA code

17140

CBSA name

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

Property Tax & Assessments

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