Renovated Two-Story
For Sale
$1,900,000
204 W Loveland Ave, Loveland, OH 45140
Fully renovated restaurant property with a rooftop bar, commercial kitchen, and additional basement storage.
Property Size9,726 SF
Price / SF$195.35
Days on Market84
Property Features for 204 W Loveland Ave
General Information
Standard status
Active
Size
9,726 SF
Additional Details
Business Included
Yes
Building Details
Year Built
2018
Buildings
1
Stories
2
Listing Agency:
Keller Williams Advisors
Listed By:
Kristen D Carter · License #2017004048
(513) 766-9200
Source:
Finn-team
Added: Jul 23
Changed: Oct 12
Last Checked: Oct 12 at 10:57PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Advisors
Investment Insights
Based on property information with market context.
This two-story restaurant property encompasses 9,726 square feet, including 7,500 square feet of restaurant and retail space and an 1,800-square-foot rooftop bar. The approximately 1,600-square-foot commercial kitchen is fully equipped and includes a walk-in refrigerator/freezer, while basement storage provides additional support space. The building was entirely renovated with upscale finishes and updated mechanical systems and has been maintained in that condition.
Located at 204 W Loveland Ave in Loveland, Ohio, the property carries a 100% property tax abatement through December 2030. The current operator is prepared to lease the building for the foreseeable future, providing an existing occupancy structure for consideration.
Located at 204 W Loveland Ave in Loveland, Ohio, the property carries a 100% property tax abatement through December 2030. The current operator is prepared to lease the building for the foreseeable future, providing an existing occupancy structure for consideration.
Key Highlights
- 9,726‑square‑foot restaurant property at 204 W Loveland Ave, Loveland, OH 45140
- 7,500sqft of restaurant/retail space across 2 floors
- 1,800sqft rooftop bar
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$111,967
Cap Rate
5.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,239,340
$2.2M
Cap Rate 7%
$1,599,529
$1.6M
Cap Rate 9%
$1,244,078
$1.2M
Market Conditions
NOI Build-Up for 9,726 SF
Gross rent
$157.6K $16.20/SF
− Vacancy
−$8.3K −$0.85/SF
EGI
$149.3K $15.35/SF
− OpEx
−$37.3K −$3.84/SF
NOI
$112.0K $11.51/SF
Area
Hamilton County, OH
Vacancy
5.25%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,239,340
Cap Rate 7%
$1,599,529
Cap Rate 9%
$1,244,078
Alternative Uses
Best Use
Specialty Retail
$1.60M
$1.40M – $1.87M
NOI $111,967 @ 7.0% cap · market cap 5.89%
Second Best
Industrial
$604.3K
$528.8K – $705.1K
NOI $42,304 @ 7.0% cap · market cap 2.23%
Theoretical Best
Office A
$1.74M
$1.53M – $2.03M
NOI $122,057 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
546
Businesses Nearby
30k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Apparel 29%
Shops & Services 27%
Home Improvements & Furnishings 3%
Goodwill
Apparel
8,824 visits/mo
0.5 miles
Dunkin' Donuts
Dining
7,270 visits/mo
0.4 miles
Graeter's Ice Cream
Dining
5,272 visits/mo
0.2 miles
BP
Shops & Services
4,897 visits/mo
0.4 miles
QuikStop
Shops & Services
3,322 visits/mo
0.4 miles
Demographics for 45140, OH
56,386
Population
22,684
Households
2.5
Avg Household Size
40
Median Age
53%
College-Educated
97%
High-School Grad
44.1 sq mi
ZIP Area
1,279
Density / Sq Mi
$110,781
Median Household Income
$58,882
Median Earnings
$1,379
Median Rent
$340,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Fully renovated restaurant property with a rooftop bar, commercial kitchen, and additional basement storage.
Where is this conventional restaurant located?
The property is located at 204 W Loveland Ave Loveland, OH.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 9,726‑square‑foot restaurant property at 204 W Loveland Ave, Loveland, OH 45140; 7,500sqft of restaurant/retail space across 2 floors; 1,800sqft rooftop bar
