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    550 Old State Route 74 Cincinnati, OH 45244 Cincinnati, OH 45244

    Sponsored
    For Lease
    Contact for pricing

    Ground Lease Opportunity Near I-275

    Lot size:
    3 SF

    Description

    Added:
    Jan 15, 2025
    Days on Market:
    363
    Two exceptional outparcels totaling 0.96 and 1 acre are available for ground lease in Cincinnati, OH. These properties offer a unique opportunity to join established national retailers such as Wawa and McDonald's, benefiting from their high-traffic location. Situated at the signalized intersection of State Route 32 and Mt. Carmel Tobasco Road, the site boasts an impressive Average Annual Daily Traffic (AADT) of 18,825 vehicles. The location's proximity to I-275 (AADT 81,261) provides excellent accessibility and visibility. Within a 1.5-mile radius, you'll find Eastgate Mall and numerous national retailers including Chase Bank, Chick-fil-A, Kohl's, Best Buy, Sam's Club, and Chipotle, creating a strong retail environment. The area boasts a substantial daytime employment population exceeding 21,000 within a 3-mile radius. Each pad is offered with an annual ground lease rate of $110,000, making this an ideal investment for retail users seeking high-traffic exposure and a strong tenant mix. The properties are specifically targeted towards retail businesses.

    Property Features for 550 Old State Route 74 Cincinnati, OH 45244

    General Information

    Property type
    Other land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3 SF
    Elevators
    N/A

    HighLights

    • Two 0.96‑acre and 1‑acre outparcels available for ground lease.
    • High‑traffic location: 18,825+ cars daily at intersection; near I‑275 (81,261 AADT).
    • $110,000 annual ground lease; join Wawa and McDonald's; near Eastgate Mall & major retailers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Cincinnati
    State
    Ohio

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    FAQs

    What type of property is this?
    Land - Ground Lease Opportunity Near I-275
    Where is this land located?
    The property is located at 550 Old State Route 74 Cincinnati, OH 45244 Cincinnati, OH.
    What are key features of this property?
    This property features: Two 0.96-acre and 1-acre outparcels available for ground lease.; High-traffic location: 18,825+ cars daily at intersection; near I-275 (81,261 AADT).; $110,000 annual ground lease; join Wawa and McDonald's; near Eastgate Mall & major retailers.
    (513) 588-1840
    Request Owner's contact information
    550 Old State Route 74 Cincinnati, OH 45244 Cincinnati, OH 45244
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    Cincinnati, OH 45244
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    550 Old State Route 74 Cincinnati, OH 45244 Cincinnati, OH 45244
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