Renovated Restaurant and Rooftop
204 W Loveland Avenue Loveland, OH 45140
204 W Loveland Avenue, Loveland, OH, 45140
$1,900,000
For Sale
$1,900,000
COMMERCIAL - Loveland, OH
Property Size9,726 SF
Lot Size0.04 Acres
Price / SF$195.35
Days on Market136
Property Features for 204 W Loveland Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- On Street
- Security features
- Security Lighting
- Interior features
- Security Light, Elevator, Sprinkler Wet, Smoke Detector, Alarm System, Display Window
- Exterior features
- Sidewalks, Curb/Gutter, Lights
- Accessibility
- Accessible Elevator Installed
- Standard status
- Active
- APN
- 20-06-02A-011B
- Size
- 9,726 SF
- Lot size
- 0.04 Acres
Utilities
- Heating system
- Heat Pump (Heating), Forced Air
Building Details
- Year built
- 2018
- Flooring type
- Tile, Wood
- Building materials
- Brick
- Roof type
- Shingle, Membrane
Listing Agency
Keller Williams Advisors
(513) 766-9200
2105 Grandin Road, Cincinnati, OH
Listed by
Kristen Carter
(513) 766-9200
Added: Mar 4 Checked: Jul 18 at 3:06 pm
MLS# 1870439
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 fully renovated restaurant building includes approximately 7,500 square feet of restaurant/retail space across two floors, along with an approximately 1,800 square foot rooftop bar. Usable basement storage is also included. The property features a commercial kitchen of approximately 1,600 square feet and includes a walk-in refrigerator/freezer.
Located at 204 W Loveland Avenue in Loveland, Ohio, the building benefits from a 100% property tax abatement through December 2030.
The configuration supports restaurateurs and operators looking for an established, food-service-oriented setup with dedicated commercial kitchen space and capacity for both indoor and rooftop concepts. The seller states the current operator is prepared to lease the building for the foreseeable future, and interested parties should request the marketing details PDF for additional information and showing instructions.
Located at 204 W Loveland Avenue in Loveland, Ohio, the building benefits from a 100% property tax abatement through December 2030.
The configuration supports restaurateurs and operators looking for an established, food-service-oriented setup with dedicated commercial kitchen space and capacity for both indoor and rooftop concepts. The seller states the current operator is prepared to lease the building for the foreseeable future, and interested parties should request the marketing details PDF for additional information and showing instructions.
Key Highlights
- 2018‑built brick building with sidewalks, curb/gutter, and exterior lighting
- 7,500 sqft restaurant/retail space on 2 floors plus a 1,800 sqft rooftop bar
- Fully equipped ~1,600 sqft commercial kitchen with walk‑in refrigerator/freezer
Local 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 | $204.2k | $21.00 |
| − Vacancy | −$51.7k | −$5.31 |
| EGI | $152.6k | $15.69 |
| − OpEx | −$38.1k | −$3.92 |
| NOI | $114.4k | $11.77 |
9,726 SF · lease $21.00/SF/yr · vacancy 25.30% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.63M
$1.43M – $1.91M
NOI $114,429 @ 7.0% cap · market cap 6.02%
Second Best
Industrial
$726.8K
$635.9K – $847.9K
NOI $50,874 @ 7.0% cap · market cap 2.68%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Loveland CPR
Training Center
Tano Bistro & Catering
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Renovated two-floor restaurant with commercial kitchen and rooftop bar, plus basement storage and property tax abatement through 2030.
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: 2018‑built brick building with sidewalks, curb/gutter, and exterior lighting; 7,500 sqft restaurant/retail space on 2 floors plus a 1,800 sqft rooftop bar; Fully equipped ~1,600 sqft commercial kitchen with walk‑in refrigerator/freezer
