3131 Spring Grove AveCincinnati, OH 45225

  • Industrial properties
  • 10.30 AC
For Lease

Property Details for 3131 Spring Grove Ave

Year built
1984
Lot size
10.30 AC
Property type
Industrial properties
Property subtype
Manufacturing properties
APN
188-0016-0001-00
APU
1880016000100

Description

This single-story, Class B office building, located at 3131 Spring Grove Avenue in Cincinnati, Ohio, offers 147,775 square feet of total space, with 16,468 square feet currently vacant. Built in 1984 and renovated in 2009, the property sits on a generous 10.44-acre lot. The building's zoning is M-G, and its Hamilton County APN is 188-0016-0001-00. The property is ideal for businesses seeking affordable office space in a convenient location. The multiple tenancy structure provides flexibility for various sized businesses. The significant vacant space presents an excellent opportunity for expansion or lease to new tenants. The large lot size offers ample parking and potential for future development. This property represents a strong investment opportunity in a well-established Cincinnati neighborhood, with easy access to major transportation routes. The 45225 zip code offers a strategic location within the city. The building's single-story design provides ease of access and efficient use of space. This is a rare opportunity to acquire a substantial office building with significant upside potential.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $60,432,312
    Hospitality
    $55,355,672
    Educational
    $46,055,272
    Medical
    $47,639,180
    Retail
    $71,641,528
3131 Spring Grove Ave, Cincinnati, Ohio

Location Insight

City
Cincinnati
County
Hamilton
State
Ohio
Latitude
39.1392
Longitude
-84.5431
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
$127,867
$226,807
$1,328,614
$1,555,421
-
$648,020
$3,796,040
$4,444,060

FAQs

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