2612 Gilbert Ave Cincinnati, OH 45206
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100% Occupied, 8.5% Cap Rate
Property size:
22,000 SFProperty Features for 2612 Gilbert Ave
General Information
- Property type
- Mixed-use properties
- Square Feet
- 22,000 SF
- Class
- B
- Lot Size
- 44,867 SF
Building Details
- Year Built/Renovated
- 1970/2017
- Buildings
- 1
- Stories
- 1
Listing Agency: Plum Tree Realty Listing Agent: Ali Abdur-Rahman
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional mixed-use investment property, located at 2612 Gilbert Ave in Cincinnati, Ohio, presents a rare opportunity. The 22,000 square foot building, constructed in 1970 and renovated in 2017, sits on a 1.03-acre lot and boasts a strong 8.5% capitalization rate. Currently 100% occupied by two tenants under a triple-net (NNN) lease structure, the property offers significant stability. The primary tenant, Dohn Community High School, benefits from annual NOI increases of three percent. The secondary tenant, City Limits Laundromat, operates 24/7 and is part of a larger Cincinnati-based chain. Both tenants are backed by corporate guarantees, mitigating risk. The leases, with a remaining term of approximately two years, feature a five-year term and include rent bumps of 16% every five years. The property includes 15 parking spaces and is zoned for commercial use. This stabilized investment offers a compelling return with minimal management overhead. The property features a single, one-story building. Lease commencement was July 1, 2020, with expiration set for August 1, 2030. The asking price is $2,700,000. This is a turnkey investment opportunity in a prime Cincinnati location.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Cincinnati Ohio Technology ...
High School
Hamilton County Human ...
Social Service Agency
DAMPE Community School
High School
Universal HVAC Contractors
HVAC Service
Location Insight
- Map
- Local Demand
- City
- Cincinnati
- County
- Hamilton
- State
- Ohio
- Longitude
- -84.4887099
- Latitude
- 39.1279024
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FAQs
What type of property is this?
Mixed-use property - 100% Occupied, 8.5% Cap Rate
Where is this mixed-use property located?
The property is located at 2612 Gilbert Ave Cincinnati, OH.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: $2,700,000 asking price for a stabilized mixed-use investment property.; 22,000 square feet, 100% occupied, with two corporate-guaranteed tenants.; 8.5% cap rate, generating $230,724 in net operating income (NOI).
