995 Elm StMilford, OH 45150

Property Details for 995 Elm St

Year built

1992

Construction

CONCRETE BLOCKS

Lot size

10.66 AC

Property size (Sq ft)

1,080 SF

Property type

Retail properties

Property subtype

Parking lots & garages

APN

18-25-16F-332

APU

182516F332

Description

This exceptional 14.2-acre commercial property in Milford, Ohio, presents a unique investment opportunity. Currently operating as a highly profitable salvage yard for over 50 years, the site boasts a substantial 17,500 square-foot metal building, multiple warehouses, office space, and two houses. The property features a partially concreted lot, offering significant flexibility for various uses. Its strategic location, just three-quarters of a mile from the intersection of Interstates 275, 75, and 71, ensures high visibility and accessibility. The property is zoned B3, allowing for diverse commercial applications. The existing structures, totaling 10,272 square feet, comprise nine buildings constructed in 1992. The property's APN is 18-25-16F-332; 16F333, 16F051, 181427B004. Should the buyer opt to purchase the land only, the existing inventory will be removed prior to closing, and the asking price of $3,900,000 will be adjusted accordingly. This prime location in rapidly growing Miami Township offers significant potential for future development and substantial returns. The property's multi-use zoning and existing infrastructure make it an ideal candidate for a wide range of commercial ventures. This is a rare opportunity to acquire a large, well-located commercial property with a proven track record of success.

• CAP approach

  CAP return

  Valuation

  6%

  $211,806

  6.5%

  $195,513

  7%

  $181,548

• Comparable approach

  Method

  Valuation

  Relative Method

  $337,996

  Geo Method

  $337,996

• Alternative Use

  Use

  Valuation

  Residential

  $164,922

  Hospitality

  $151,068

  Educational

  $125,687

  Medical

  $130,009

  Retail

  $195,513

Location Insight

City

Milford

County

Clermont

State

Ohio

Latitude

39.1907

Longitude

-84.2465

CBSA code

17140

CBSA name

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

Property Tax & Assessments

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