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    3240 Highland Ave Cincinnati, OH 45213

    For Lease
    $10 SF/Yr

    Versatile Cincinnati flex space, ideal for multiple tenants.

    Lot size:
    27,330 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    Ridge Plaza, located at 3240 Highland Ave, Cincinnati, OH 45213, offers 27,330 square feet of flexible commercial space across three buildings on a 4.24-acre lot. Built in 1973 and renovated in 1992, this multi-tenant property is suitable for a variety of uses, including retail, warehouse, distribution, R&D, and office space. The minimum divisible space is 1,371 square feet, with a maximum contiguous space of 7,945 square feet. The property boasts 14 loading docks, providing ample access for efficient operations. A retail storefront with convenient front parking is also available. The property benefits from a high-traffic location, with Highland Avenue seeing 21,200 vehicles per day and Interstate 71 boasting 123,300 vehicles per day. This prime location and versatile space make Ridge Plaza an excellent investment opportunity. The cross street is Ridge Avenue.

    Property Features for 3240 Highland Ave

    General Information

    Property type
    Life science properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    27,330 SF
    Total Rate
    22775

    Building Details

    Year Built/Renovated
    1973/1992
    Buildings
    3

    Unit(s) available at that property

    Space
    5383 Ridge Ave
    Size
    30,229 SF
    Rate per SF
    $10
    Space
    3254 Highland
    Size
    2,377 SF
    Rate per SF
    $15
    Space
    3262 Highland Ave
    Size
    1,300 SF
    Rate per SF
    $15

    HighLights

    • 27,330 SF multi‑tenant commercial property on a 4.24‑acre lot in Cincinnati, OH.
    • Multiple building configuration offering flexible space from 1,371 SF to 7,945 SF contiguous.
    • High‑traffic location with excellent highway access (I‑71) and strong daily traffic counts on Highland Ave.
    • Features 14 loading docks and a retail storefront with ample front parking.
    • Suitable for various uses including retail, warehouse, distribution, R&D, and office.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    HomeBuys - Highland Ave ... Home Goods Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Clermont
    State
    Ohio
    Longitude
    -84.429497876152
    Latitude
    39.168778874574

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    FAQs

    What type of property is this?
    Life science property - Versatile Cincinnati flex space, ideal for multiple tenants.
    Where is this life science property located?
    The property is located at 3240 Highland Ave Cincinnati, OH.
    What is the lease rate?
    The lease rate is $10-$15 SF/Yr.
    What are key features of this property?
    This property features: 27,330 SF multi-tenant commercial property on a 4.24-acre lot in Cincinnati, OH.; Multiple building configuration offering flexible space from 1,371 SF to 7,945 SF contiguous.; High-traffic location with excellent highway access (I-71) and strong daily traffic counts on Highland Ave.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3240 Highland Ave Cincinnati, OH 45213
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