Turnkey Multi-Use Retail
6809 Grace Avenue Columbia Twp, OH 45227
For Sale
$750,000
Pending
COMMERCIAL - Columbia Twp, OH
Property Size3,525 SF
Lot Size0.27 Acres
Days on Market106
Property Features for 6809 Grace Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Pending
APN
520-0171-0153-00
Size
3,525 SF
Lot size
0.27 Acres
Utilities
Heating system
Forced Air, Natural Gas
Building Details
Year built
1950
Flooring type
Vinyl
Building materials
Vinyl Siding
Roof type
Shingle
Listing Agency:
Keller Williams Advisors
(513) 766-9200
Listed By:
Rachael Seidel
(513) 766-9200
Added: Apr 15
Changed: Jul 28
Last Checked: Jul 29 at 8:06AM
MLS# 1874974
Copyright © 2026 MLS of Greater Cincinnati, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This turnkey, income-producing property includes two businesses under one roof: a fully operating pizza restaurant and a professional hair salon. The restaurant features a commercial-grade kitchen and includes a liquor license, with major recent upgrades such as a new double door fridge and freezer, a fryer, and a $7k fire suppression system. The salon has been recently renovated for continued tenant use, and salon items do not convey. A lottery/check-cashing business is also included in the package, with all components sold together.
The property is located at 6809 Grace Avenue in Columbia Twp, Ohio. A large side lot provides additional on-site parking for customers and tenants. Grace Avenue is currently undergoing a complete road overhaul.
There are no active leases in place, creating an opportunity for an owner-operator or a new tenant lineup at market terms. The seller has owned the property since 1984.
The property is located at 6809 Grace Avenue in Columbia Twp, Ohio. A large side lot provides additional on-site parking for customers and tenants. Grace Avenue is currently undergoing a complete road overhaul.
There are no active leases in place, creating an opportunity for an owner-operator or a new tenant lineup at market terms. The seller has owned the property since 1984.
Key Highlights
- Turnkey, income‑producing opportunity with a fully operational pizza restaurant including liquor license and commercial‑grade kitchen and a building suitable for a hair salon and lottery/check‑cashing business.
- Significant recent restaurant upgrades including new double door fridge & freezer, fryer, and a $7k fire suppression system.
- Large side lot provides coveted parking, a rare and valuable asset for the area.
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $67.7k | $19.20 |
| − Vacancy | −$4.7k | −$1.34 |
| EGI | $62.9k | $17.86 |
| − OpEx | −$15.7k | −$4.46 |
| NOI | $47.2k | $13.39 |
3,525 SF · lease $19.20/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$674.4K
$590.1K – $786.8K
NOI $47,207 @ 7.0% cap · market cap 6.29%
Second Best
Retail
$580.6K
$508.0K – $677.3K
NOI $40,640 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$700.7K
$613.1K – $817.5K
NOI $49,050 @ 7.0% cap · market cap 6.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Two income-producing businesses under one roof, including a fully equipped pizza restaurant and a renovated hair salon.
Where is this conventional restaurant located?
The property is located at 6809 Grace Avenue Columbia Twp, OH.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Turnkey, income‑producing opportunity with a fully operational pizza restaurant including liquor license and commercial‑grade kitchen and a building suitable for a hair salon and lottery/check‑cashing business.; Significant recent restaurant upgrades including new double door fridge & freezer, fryer, and a $7k fire suppression system.; Large side lot provides coveted parking, a rare and valuable asset for the area.
