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Commercial Land with Existing Structures
New
For Sale
$199,927

4772 Gray Road, Cincinnati, OH 45232

Commercial Sale, Cincinnati, OH

Property Size4,211 SF
Lot Size0.79 Acres
Price / SF$47.48
Days on Market7

Property Features for 4772 Gray Road

General Information

Property type Commercial Sale
Property subtype Other
Directions Spring Grove to Gray Road
Subdivision Hamilton-W01
Standard status Active
APN 219-0050-0009-00
Size 4,211 SF
Lot size 0.79 Acres

Building Details

Year built 1900
Building materials Brick, Wood Siding
Listing Agency: Ken Perry Realty, Inc.
Listed By: L Susan Asch
Added: Oct 5 Changed: Oct 8 Last Checked: Oct 11 at 3:06AM
MLS# 1896220

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.

The 0.788-acre property consists of three combined lots improved with a brick two-family house, a frame two-family house, and a large garage. The homes are in extreme disrepair, and the property is subject to a city condemnation order. Any rehabilitation would require city approval and compliance with applicable bond, repair, and deadline requirements; preservation of the structures is not assured.

Manufacturing/agricultural zoning is reported. Attached, side-by-side townhomes are one redevelopment concept to evaluate, subject to zoning verification and all required approvals. Viewing requires advance registration and a confirmed appointment, and interior access is restricted.

Key Highlights

  • 0.788 acres across 3 combined lots
  • Improvements include two two‑family houses and a large garage
  • Subject to a city condemnation order; homes are in extreme disrepair

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick Real Estate Agency Restaurant Dental Office Building Supply Auto Repair Shop Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

216
Businesses Nearby

Demographics for 45232, OH

7,109
Population
3,369
Households
2.1
Avg Household Size
25
Median Age
15%
College-Educated
83%
High-School Grad
4.0 sq mi
ZIP Area
1,777
Density / Sq Mi
$25,232
Median Household Income
$25,484
Median Earnings
$605
Median Rent
$122,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - Manufacturing/agricultural zoning applies; verify permitted uses and development feasibility independently.
Where is this commercial land located?
The property is located at 4772 Gray Road Cincinnati, OH.
What is the asking price?
The asking price for this property is $199,927.
What are key features of this property?
This property features: 0.788 acres across 3 combined lots; Improvements include two two‑family houses and a large garage; Subject to a city condemnation order; homes are in extreme disrepair
More about this property
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