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    550 Old State Route 74 Cincinnati, OH 45244

    For Lease
    Contact for pricing

    Three Outparcels, High Traffic Area

    Lot size:
    1 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional commercial property, located at 550 Old State Route 74 in Cincinnati, Ohio, presents a rare opportunity for retail development. The 3.3-acre lot features three available outparcels ideal for ground lease, offering excellent visibility and accessibility. Situated at the signalized intersection of State Route 32 and Mt. Carmel Tobasco Road, this location boasts an impressive average annual daily traffic (AADT) of 18,825 vehicles. The property benefits from its proximity to major thoroughfares, including I-275 (AADT 81,261), ensuring high traffic volume and exposure. Furthermore, its location less than 1.5 miles from Eastgate Mall and numerous national retailers such as Chase Bank, Chick-fil-A, Kohl's, Best Buy, Sam's Club, and Chipotle, provides a strong retail environment and established customer base. The substantial daytime employment population exceeding 21,000 within a 3-mile radius guarantees a large pool of potential customers. This property offers a unique chance to establish a thriving retail presence in a high-demand area of Clermont County (zip code 45244). The existing Wawa co-tenancy further enhances the desirability and potential for success. Total building square footage is currently 1 square foot, indicating the land is primarily for development.

    Property Features for 550 Old State Route 74

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1 SF

    Unit(s) available at that property

    Space
    Option 1
    Size
    0 SF
    Space
    Option 2
    Size
    0 SF
    Space
    Option 3
    Size
    0 SF

    HighLights

    • 3.3‑acre retail development site in Cincinnati, OH (zip code 45244).
    • Three available outparcels (1.34 acres, 0.96 acres, and 1 acre) ideal for ground leases.
    • $110,000/year ground lease rate for each pad.
    • High‑traffic location at the signalized intersection of State Route 32 and Mt. Carmel Tobasco Road (AADT 18,825); proximity to I‑275 (AADT 81,261).
    • Strong retail environment near Eastgate Mall and numerous national retailers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Kroger Money Services Money Transfer Service higi Health Consultant Ria Money Transfer ... Money Transfer Service Kroger Floral Department Florist

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Clermont
    State
    Ohio
    Longitude
    -84.2972944
    Latitude
    39.1045501

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    FAQs

    What type of property is this?
    Land - Three Outparcels, High Traffic Area
    Where is this land located?
    The property is located at 550 Old State Route 74 Cincinnati, OH.
    What are key features of this property?
    This property features: 3.3-acre retail development site in Cincinnati, OH (zip code 45244).; Three available outparcels (1.34 acres, 0.96 acres, and 1 acre) ideal for ground leases.; $110,000/year ground lease rate for each pad.
    Request Owner's contact information
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    Cincinnati, OH 45244
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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
    550 Old State Route 74 Cincinnati, OH 45244
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