4503 8Th StCincinnati, OH 45238

Property Details for 4503 8Th St

Year built

1966

Lot size

0.18 AC

Property size (Sq ft)

6,370 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

180-0082-0035-00

APU

1800082003500

Description

This exceptional Price Hill retail property, located at 4503 W 8th St, offers a fantastic investment opportunity. The single-story, Class C shopping center boasts a total of approximately 3,000 square feet of leasable space, currently divided into three available units ranging from 1,388 to 3,255 square feet. The property is zoned CC-M, allowing for a variety of commercial uses. The building enjoys high traffic counts and excellent visibility, making it an ideal location for businesses seeking strong foot traffic. Fifteen parking spaces are available for customer and tenant convenience. The property is situated near Pedretti Street, providing easy access and high visibility. The owner is open to considering a marijuana dispensary as a potential tenant. The flexible space allows for the possibility of combining units to accommodate larger tenants. This is a prime opportunity to establish a thriving business in a high-demand location. The property's strategic location and ample parking make it an attractive option for a wide range of retail businesses. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $1,036,770

  6.5%

  $957,020

  7%

  $888,662

• Comparable approach

  Method

  Valuation

  Relative Method

  $822,734

  Geo Method

  $822,734

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,822,310

  Mixed-Use / Specialty

  $971,377

  Hospitality / Lodging

  $735,803

  Office

  $984,114

  Institutional / Educational

  $1,016,190

  Residential Income

  $1,188,940

  Multifamily

  $1,327,450

  Automotive / Energy

  $871,021

  Parking / Income-Based Land

  $283,024

  Restaurant / Food Service

  $543,143

  Healthcare / Senior Housing

  $977,908

Location Insight

City

Cincinnati

County

Hamilton

State

Ohio

Latitude

39.1087

Longitude

-84.5989

CBSA code

17140

CBSA name

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

Property Tax & Assessments

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