Former Restaurant Freestanding
2949 Dixie Hwy Hamilton, OH 45015
2949 Dixie Hwy, Hamilton, OH, 45015
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For Sale
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Freestanding former Frisch’s restaurant building on a large site along Dixie Highway with signalized access and pylon signage.
Property Size6,437 SF
Lot Size1.64 Acres
Price / SF$147.40
Days on Market94
Property Features for 2949 Dixie Hwy
General Information
- Standard status
- Active
- Size
- 6,437 SF
- Lot size
- 1.64 Acres
- Property subtype
- Retail
Listing agency
Tranzon LLC Elizabethtown
Listed by
Edward Durnil · License #KY P1734
Source
Crexi
Added: Apr 21 Updated: Jul 22 at 7:17PM Checked: Jul 22 at 7:17PM
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 Tranzon LLC Elizabethtown
Investment Insights
Based on property information with market context.
This property features a freestanding former Frisch’s restaurant building of approximately 6,437 square feet with existing restaurant infrastructure in place. The building is noted as built in 1995 and sits on approximately 1.64 acres. The on-site configuration is described as flexible, supporting potential restaurant reuse, retail conversion, or redevelopment.
The property is located along Dixie Highway (Route 4) in Hamilton, Ohio, within a highly traveled corridor. It offers signalized access and pylon signage for roadside exposure, with stated traffic counts of 20,880 VPD north of the site and 20,066 VPD south of the site.
The offering is zoned B2, which the remarks state allows for a wide range of commercial uses. The property includes 85 parking spaces. The remarks also indicate the site is located about 4 miles from Spooky Nook Sports Complex and is positioned within an established commercial corridor with surrounding retail, dining, and residential density.
The property is located along Dixie Highway (Route 4) in Hamilton, Ohio, within a highly traveled corridor. It offers signalized access and pylon signage for roadside exposure, with stated traffic counts of 20,880 VPD north of the site and 20,066 VPD south of the site.
The offering is zoned B2, which the remarks state allows for a wide range of commercial uses. The property includes 85 parking spaces. The remarks also indicate the site is located about 4 miles from Spooky Nook Sports Complex and is positioned within an established commercial corridor with surrounding retail, dining, and residential density.
Key Highlights
- +/-6,437 SF freestanding former Frisch’s restaurant on +/-1.64 acres along Dixie Highway (Route 4) in Hamilton, OH
- Built in 1995 with existing restaurant infrastructure and a flexible layout for restaurant reuse, retail conversion, or redevelopment
- Zoned B2, allowing a wide range of commercial uses
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 | $96.6k | $15.00 |
| − Vacancy | −$6.2k | −$0.96 |
| EGI | $90.4k | $14.04 |
| − OpEx | −$22.6k | −$3.51 |
| NOI | $67.8k | $10.53 |
6,437 SF · lease $15.00/SF/yr · vacancy 6.40% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$968.3K
$847.3K – $1.13M
NOI $67,782 @ 7.0% cap · market cap 7.14%
Second Best
Retail
$390.4K
$341.6K – $455.5K
NOI $27,330 @ 7.0% cap · market cap 2.88%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $89,091 @ 7.0% cap · market cap 9.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
Similar Off Market Nearby
- Cielito Lindo Mexican Buffet — 3256 Dixie Hwy, Fairfield, OH 45014
FAQs
What type of property is this?
Conventional restaurant - Freestanding former Frisch’s restaurant building on a large site along Dixie Highway with signalized access and pylon signage.
Where is this conventional restaurant located?
The property is located at 2949 Dixie Hwy Hamilton, OH.
What is the asking price?
The asking price for this property is $948,840.
What are key features of this property?
This property features: +/-6,437 SF freestanding former Frisch’s restaurant on +/-1.64 acres along Dixie Highway (Route 4) in Hamilton, OH; Built in 1995 with existing restaurant infrastructure and a flexible layout for restaurant reuse, retail conversion, or redevelopment; Zoned B2, allowing a wide range of commercial uses
