4007 Allston StCincinnati, OH 45209

Property Details for 4007 Allston St

Year built

1900

Lot size

0.22 AC

Property size (Sq ft)

25,073 SF

Property type

Mixed-use properties

Property subtype

Retail residential properties

APN

049-0004-0245-00

APU

490004024500

Description

This 3,200 square foot, turnkey restaurant in Cincinnati's Oakley Square is available for sale. Previously a high-end seafood establishment and more recently a Thai/Sushi restaurant, this space boasts extensive recent renovations including a completely new HVAC system, hood system, walk-in coolers, reinforced flooring, and a fully updated kitchen—all paid for by the seller. The lease is significantly below market value. The adaptable décor suits various cuisines. The layout includes two separate dining rooms and a full bar. A shared parking lot is available, with evening leasing generating $540 every three months. All assets, including the Ohio Liquor Permit, are included in the sale. This location benefits from a long history of successful restaurant operations, having been occupied by the same owner for over 35 years prior to the current owner's extensive renovations. The property is located at 4007 Allston St, Cincinnati, OH 45209.

• CAP approach

  CAP return

  Valuation

  6%

  $3,505,317

  6.5%

  $3,235,677

  7%

  $3,004,557

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,826,414

  Geo Method

  $4,826,414

• Alternative Use

  Use

  Valuation

  Residential

  $3,235,677

  Hospitality

  $2,963,863

  Educational

  $2,465,899

  Medical

  $2,550,705

  Retail

  $3,835,843

Location Insight

City

Cincinnati

County

Hamilton

State

Ohio

Latitude

39.1518

Longitude

-84.433

CBSA code

17140

CBSA name

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

Property Tax & Assessments

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