Historic Mixed-Use
For Sale
$550,000
300 Reading Road, Mason, OH 45040
Eight multipurpose rooms, two full bathrooms, and three separate entrances support a range of commercial configurations.
Property Size2,370 SF
Price / SF$232.07
Days on Market38
Property Features for 300 Reading Road
General Information
Standard status
Active
Size
2,370 SF
Property subtype
Commercial
Zoning
Commercial
Amenities
hardwood floors
original staircase
pocket doors
stained glass
front porch
attic storage
Outside Storage
Building Details
Building Size
2,370 SF
Listing Agency:
Coldwell Banker Realty
(513) 891-8500
Listed By:
Jenny England
(513) 926-6257
Source:
Galbraithrealtors
Added: Sep 17
Changed: Oct 23
Last Checked: Oct 23 at 4:35PM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This 2,370-square-foot historic property is zoned Commercial and arranged across two floors, with four multipurpose rooms on each level and a full bathroom on both floors. Three separate entrances provide access, while hardwood flooring, stained glass, pocket doors, and an original staircase retain the building’s historic details. Attic storage adds space, and a large front porch extends the main-house exterior. The main house roof was replaced in 2022; the garage roof was replaced in 2017.
The property is located on the Mason Mile corridor in Mason, Ohio. A private driveway provides on-site parking, with additional street parking available.
The property is located on the Mason Mile corridor in Mason, Ohio. A private driveway provides on-site parking, with additional street parking available.
Key Highlights
- 2,370 square feet with four multipurpose rooms on each floor
- Commercial zoning
- Three separate entrances and a full bathroom on each floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,668
Cap Rate
5.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$613,360
$613.4K
Cap Rate 7%
$438,114
$438.1K
Cap Rate 9%
$340,756
$340.8K
Market Conditions
NOI Build-Up for 2,370 SF
Gross rent
$44.9K $18.96/SF
− Vacancy
−$4.0K −$1.71/SF
EGI
$40.9K $17.25/SF
− OpEx
−$10.2K −$4.31/SF
NOI
$30.7K $12.94/SF
Area
Warren County, OH
Vacancy
9.00%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$613,360
Cap Rate 7%
$438,114
Cap Rate 9%
$340,756
Alternative Uses
Best Use
Office B
$438.1K
$383.4K – $511.1K
NOI $30,668 @ 7.0% cap · market cap 5.58%
Second Best
Mixed Use
$427.8K
$374.3K – $499.1K
NOI $29,947 @ 7.0% cap · market cap 5.44%
Theoretical Best
Office A
$529.4K
$463.2K – $617.6K
NOI $37,056 @ 7.0% cap · market cap 6.74%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
770
Businesses Nearby
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Business Placement
Demographics for 45040, OH
57,153
Population
21,977
Households
2.6
Avg Household Size
40
Median Age
65%
College-Educated
98%
High-School Grad
28.5 sq mi
ZIP Area
2,005
Density / Sq Mi
$131,803
Median Household Income
$68,422
Median Earnings
$1,691
Median Rent
$403,700
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Eight multipurpose rooms, two full bathrooms, and three separate entrances support a range of commercial configurations.
Where is this mixed-use property located?
The property is located at 300 Reading Road Mason, OH.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 2,370 square feet with four multipurpose rooms on each floor; Commercial zoning; Three separate entrances and a full bathroom on each floor
