9390 Montgomery RdMontgomery, OH 45242

Property Details for 9390 Montgomery Rd

Year built

1890

Lot size

0.23 AC

Property size (Sq ft)

2,224 SF

Property type

Investment properties

Property subtype

Live-work space

APN

603-0004-0020-00

APU

6030004002000

Description

This exceptional 4,760 square foot restaurant and bar is located at 9390 Montgomery Road in Cincinnati, Ohio, within Hamilton County's 45242 zip code. Situated on a 0.227-acre lot, this well-established business boasts a prime corner location at the signalized intersection of Montgomery and Cooper Roads. The property includes ample on-site parking with convenient through access to Cooper Road and Snider Street. The building features two additional tenant suites on the second floor, offering potential for expansion or additional income streams. This beloved neighborhood establishment is known for its live music and is ideally positioned within Montgomery's DORA (Designated Outdoor Refreshment Area) district, just steps away from the significant $150 million Montgomery Quarter mixed-use development project. The property is being offered for sale as a combined real estate and business opportunity. The total available space, including the restaurant/bar and additional space, is 10,476 square feet. This presents a unique chance to acquire a thriving business in a rapidly developing area. The property's high visibility and convenient location make it an attractive investment for both established and aspiring restaurateurs.

• CAP approach

  CAP return

  Valuation

  6%

  $250,746

  6.5%

  $231,458

  7%

  $214,925

• Comparable approach

  Method

  Valuation

  Relative Method

  $276,199

  Geo Method

  $276,199

• Alternative Use

  Use

  Valuation

  Residential

  $287,008

  Hospitality

  $262,898

  Educational

  $218,728

  Medical

  $226,250

  Retail

  $340,243

Location Insight

City

Montgomery

County

Hamilton

State

Ohio

Latitude

39.2267

Longitude

-84.3544

CBSA code

17140

CBSA name

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

Property Tax & Assessments

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