872 Ohio PikeCincinnati, OH 45245
- Healthcare properties
- 5,954 SF
Property Details for 872 Ohio Pike
- Year built
- 1994
- Construction
- BRICK
- Lot size
- 2.88 AC
- Property size (Sq ft)
- 5,954 SF
- Property type
- Healthcare properties
- Property subtype
- Medical offices
- APN
- 41-32-19.-026
- APU
- 413219026
Description
This fee-simple property at 872 Ohio Pike, Cincinnati, OH 45245, presents a unique owner-user or redevelopment opportunity. The 5,954 square foot, single-story building, constructed in 1994, sits on a substantial 2.88-acre lot with N1 Business Zoning. The property boasts 48 parking spaces and enjoys high visibility on Ohio Pike, a major thoroughfare with over 42,000 vehicles per day. The building's recent roof replacement includes a 50-year warranty. This location benefits from strong demographics, including a population exceeding 109,000 and average household incomes over $97,000 within a five-mile radius. The oversized lot offers significant value-add potential through land parceling, making it ideal for expansion or development of additional commercial or medical space. The asking price is $1,100,000. This is a prime investment for those seeking a combination of existing income and future development potential in a high-traffic, affluent area of Clermont County.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $794,338
- 6.5%
- $733,235
- 7%
- $680,861
-
Comparable approach
- Method
- Valuation
- Relative Method
- $739,427
- Geo Method
- $739,427
-
Alternative Use
- Use
- Valuation
- Residential
- $909,211
- Hospitality
- $832,832
- Educational
- $692,907
- Medical
- $716,737
- Retail
- $1,077,855
Location Insight
- City
- Cincinnati
- County
- Clermont
- State
- Ohio
- Latitude
- 39.0632
- Longitude
- -84.2748
- CBSA code
- 17140
- CBSA name
- CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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