5060 Crookshank RdCincinnati, OH 45238

Property Details for 5060 Crookshank Rd

Year built

1980

Lot size

0.81 AC

Property size (Sq ft)

3,264 SF

Property type

Retail properties

Property subtype

Bars

APN

248-0003-0257-00

APU

2480003025700

Description

This exceptional opportunity presents the chance to acquire a well-established and popular bar and restaurant located at 5060 Crookshank Rd, Cincinnati, OH 45238. The asking price for this turnkey business and building is $2,000,000. The 5,119 square foot property, built in 1980 and renovated in 2017, sits on a 0.815-acre lot and is zoned for business and retail use. The single-story, Class B building offers ample space for both dining and operations. Its prime location in Wester Hills, near a major shopping mall, ensures high visibility and convenient access for patrons. The business boasts a strong customer base and loyal following, built over many years of operation. The existing staff provides a seamless transition for a new owner. This is an ideal investment for an entrepreneur seeking a thriving, established business in a desirable Cincinnati location. The property's strong financials and established reputation make it a compelling investment opportunity in a vibrant market. The property features ample parking, a key advantage in a busy commercial area. This is a rare chance to acquire a successful, established business with significant growth potential. The property's location and existing infrastructure provide a solid foundation for continued success and profitability. Detailed financial information is available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $708,562

  6.5%

  $654,057

  7%

  $607,339

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,021,498

  Geo Method

  $1,021,498

• Alternative Use

  Use

  Valuation

  Residential

  $551,722

  Hospitality

  $505,374

  Educational

  $420,465

  Medical

  $434,926

  Retail

  $654,057

Location Insight

City

Cincinnati

County

Hamilton

State

Ohio

Latitude

39.1282

Longitude

-84.6075

CBSA code

17140

CBSA name

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

Property Tax & Assessments

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