5601 Helen StCincinnati, OH 45216

  • Manufacturing properties
  • 0.02 AC
For Sale
$1,100,000 View listing

Property Details for 5601 Helen St

Lot size
0.02 AC
Property type
Manufacturing properties
APN
661-0004-0155-00
APU
6610004015500

Description

This exceptional investment opportunity presents a substantial 104,741-square-foot industrial property situated on a sprawling 8.173-acre lot in Cincinnati, Ohio. The property, located at 5601 Helen St, 45216, consists of two buildings constructed in 1902 and boasts a robust brick construction. Currently operating at 100% occupancy under a gross lease, this single-tenant property offers significant potential for future growth. The property features fifteen dock-high doors, multiple bridge cranes, and is zoned M1, permitting a wide range of industrial uses, including warehousing and trucking operations, as recently confirmed by a zoning change approved by the Village of Elmwood. The expansive lot size provides ample space for expansion or future development. The asking price is $1,100,000, translating to $10.50 per square foot. The property is being sold "AS IS," reflecting its long-term ownership and the sellers' retirement plans. This is a rare opportunity to acquire a well-established, fully occupied industrial property in a desirable Cincinnati location. The property's substantial size, strategic zoning, and existing infrastructure make it an ideal investment for discerning buyers seeking a strong return on investment in the thriving Cincinnati industrial market. The property includes three parcels with APNs: 661.0004.0155, 661.0004.0119, and 582.0001.0170.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $100,732
    Hospitality
    $92,270
    Educational
    $76,767
    Medical
    $79,407
    Retail
    $119,416

Location Insight

City
Cincinnati
County
Hamilton
State
Ohio
Latitude
39.1844
Longitude
-84.4942
CBSA code
17140
CBSA name
CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$53
$560
-
$560
-
$1,600
-
$1,600

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