10655 Springfield PikeCincinnati, OH 45215

Property Details for 10655 Springfield Pike

Year built

1912

Lot size

0.11 AC

Property size (Sq ft)

2,400 SF

Property type

Office properties

Property subtype

Office buildings

APN

598-0050-0006-00

APU

5980050000600

Description

This exceptional Class A executive office building, located at 10655 Springfield Pike in Cincinnati, Ohio, presents a unique investment opportunity. Boasting 9,494 square feet of space on a 1.69-acre lot, this single-tenancy property offers significant potential. Built in 1912, the building features a 1,216 square foot basement/storage area, providing ample room for additional needs. The property includes 26 parking spaces and benefits from high visibility, situated on a high-traffic thoroughfare with 22,778 cars passing daily (2022 data). The asking price is $650,000, translating to $69.21 per square foot. The property is zoned D1, allowing for office, light industrial, and retail uses. The building is divisible into two suites, offering flexibility for future tenants or owners. Included in the sale is a beautiful conference table with chairs. The property's three parcel APNs are 598-0050-0005-00, 598-0050-0006-00, and 598-0050-0010-00, 598-0050-0034-00. This prime location in Hamilton County, Ohio, zip code 45215, offers excellent access and visibility. Don't miss this chance to acquire a well-established and versatile commercial property.

• CAP approach

  CAP return

  Valuation

  6%

  $283,974

  6.5%

  $262,130

  7%

  $243,406

• Comparable approach

  Method

  Valuation

  Relative Method

  $298,056

  Geo Method

  $298,056

• Alternative Use

  Use

  Valuation

  Residential

  $325,041

  Hospitality

  $297,736

  Educational

  $247,713

  Medical

  $256,232

  Retail

  $385,331

Location Insight

City

Cincinnati

County

Hamilton

State

Ohio

Latitude

39.2644

Longitude

-84.4695

CBSA code

17140

CBSA name

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

Property Tax & Assessments

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