8790 Governors Hill DrCincinnati, OH 45249

Property Details for 8790 Governors Hill Dr

Year built

1985

Lot size

5.00 AC

Property type

Office properties

Property subtype

Office buildings

APN

620-0202-0029-00

APU

6200202002900

Description

This exceptional investment opportunity presents a vacant, three-story Class B office building totaling 59,616 square feet, situated on a 5-acre lot in Cincinnati, Ohio. Built in 1985 and renovated in 2020, the property boasts a desirable location with convenient access to I-71 via exit 19, offering excellent visibility and accessibility. The building features a typical floor size of 19,872 square feet, abundant natural light, and ample parking with over 206 spaces (a 4.43 parking ratio). The property is zoned OO and includes one building with three stories. The asking price is $3,900,000, translating to $65.42 per square foot. Currently vacant, this presents a unique chance for immediate repositioning and lease-up. Short-term, full-service gross lease options may be available. The property's location within a mixed-use campus further enhances its appeal and potential. The Hamilton County address is 8790 Governors Hill Dr, Cincinnati, OH 45249. The APN is 620-0202-0029-00. This is a compelling opportunity for investors seeking a significant presence along a major transportation artery.

• CAP approach

  CAP return

  Valuation

  6%

  $24,555,974

  6.5%

  $22,667,054

  7%

  $21,047,978

• Comparable approach

  Method

  Valuation

  Relative Method

  $27,048,582

  Geo Method

  $27,048,582

• Alternative Use

  Use

  Valuation

  Residential

  $28,107,146

  Hospitality

  $25,745,994

  Educational

  $21,420,366

  Medical

  $22,157,044

  Retail

  $33,320,568

Location Insight

City

Cincinnati

County

Hamilton

State

Ohio

Latitude

39.2889

Longitude

-84.3204

CBSA code

17140

CBSA name

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

Property Tax & Assessments

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