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    840 Lila Ave Milford, OH 45150

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    For Sale
    Contact for pricing

    5,449 SF building on 1.49 acres in Milford, OH.

    Property size:
    5,448 SF
    Lot size:
    1.49 Acres

    Property Features for 840 Lila Ave

    General Information

    Size
    5,448 SF
    Lot size
    1.49 Acres

    Source: Anchor Associates Agent Jason Gibson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Former Restaurant Building on Lila

    Available for sale or lease is a 5,449-square-foot former Frisch’s building situated on 1.49 acres. The property benefits from a prime location approximately 1.5 miles from I-275, offering high-traffic retail corridor exposure. It features prominent pylon signage, providing excellent visibility for branding, and enjoys great visibility along Lila Avenue. The location is in close proximity to major retailers, including Kroger, Lowe’s, Meijer, and Home Depot, and is surrounded by abundant nearby dining options such as Roosters, Skyline Chili, Rally’s, McDonalds, Chick-fil-a, and Wings and Rings.
    Insight Report Location Intelligence

    Current Use by Public Records

    Frisch's Big Boy Diner

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Milford
    County
    Clermont
    State
    Ohio
    Longitude
    -84.2817471
    Latitude
    39.174967

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    FAQs

    What type of property is this?
    Turn key restaurant - 5,449 SF building on 1.49 acres in Milford, OH.
    Where is this turn key restaurant located?
    The property is located at 840 Lila Ave Milford, OH.
    What are key features of this property?
    This property features: - High-Traffic Retail Corridor Location; - **5,449 SF Building on 1.49 Acres - Available for Sale or Lease**; - Prime Location – Approximately 1.5 miles from I-275
    (513) 784-1106
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    840 Lila Ave Milford, OH 45150
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    Milford, OH 45150
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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
    840 Lila Ave Milford, OH 45150
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