Restaurant with Rooftop
204 W Loveland Avenue, Loveland, OH 45140
For Sale
$1,900,000
Commercial Sale, Loveland, OH
Property Size9,726 SF
Lot Size0.04 Acres
Price / SF$195.35
Days on Market63
Property Features for 204 W Loveland Avenue
General Information
Property type
Property subtype
Parking features
Security features
Interior features
Exterior features
Accessibility
Directions
Subdivision
Standard status
APN
Size
Lot size
Utilities
Heating system
Building Details
Year built
Flooring type
Building materials
Roof type
Listing Agency:
Keller Williams Advisors · Keller Williams Realty
Listed By:
Kristen Carter · License OH #2017004048
(513) 766-9200
Added: Sep 9
Changed: Nov 6
Last Checked: Nov 10 at 5:06PM
MLS# 1893309
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.
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Investment Insights
Based on property information with market context.
Tano Bistro occupies a restaurant and retail property with 7,500 square feet across two floors, plus an 1,800-square-foot rooftop bar. The approximately 1,600-square-foot commercial kitchen includes a walk-in refrigerator and freezer. Usable basement storage adds further back-of-house space. Building features include an elevator, wet sprinkler system, alarm system and display windows; on-street parking is available. The property was built in 2018 and has a 100% property tax abatement through December 2030.
Located at 204 W Loveland Avenue in Loveland, Ohio, the building has brick construction and tile and wood flooring. The current operator is prepared to lease the property for the foreseeable future.
Located at 204 W Loveland Avenue in Loveland, Ohio, the building has brick construction and tile and wood flooring. The current operator is prepared to lease the property for the foreseeable future.
Key Highlights
- 7,500 square feet of restaurant and retail space across two floors
- 1,800‑square‑foot rooftop bar
- Approximately 1,600‑square‑foot commercial kitchen with walk‑in refrigerator and freezer
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
—
—
no second resolved use
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
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
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
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Market
Properties on Market for Conventional restaurants in Hamilton County
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Two levels of dining and retail space are complemented by a rooftop bar and a fully equipped commercial kitchen.
Where is this conventional restaurant located?
The property is located at 204 W Loveland Avenue 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: 7,500 square feet of restaurant and retail space across two floors; 1,800‑square‑foot rooftop bar; Approximately 1,600‑square‑foot commercial kitchen with walk‑in refrigerator and freezer
