Cincinnati, OH development opportunity. Excellent location.
Description
Added:
Dec 11, 2024
Days on Market:
396
This exceptional 4.5-acre commercial land parcel presents a unique investment opportunity in Cincinnati, Ohio. Located at 1266 Omniplex Drive, in Hamilton County, zip code 45240 (39.3027675, -84.5274718), this property is zoned PB - Planned Business, offering significant development potential. Its strategic location boasts high visibility and accessibility, situated adjacent to a Home Depot and within close proximity to major retail establishments. Nearby retailers include Kroger, Meijer, Kohl's, and Old Time Pottery, ensuring a robust consumer base. The area also benefits from a strong hospitality sector, with several hotels including Hampton Inn, Comfort Inn, Quality Inn, and SpringHill Suites nearby. A wide variety of restaurants are also conveniently located in the immediate vicinity, including Cracker Barrel, IHOP, Burger King, Frisch's Big Boy, Freddy's, Chipotle, Red Lobster, McDonald's, Steak 'n Shake, Starbucks, The Old Spaghetti Factory, Taco Bell, Dunkin', and Chick-fil-A. Furthermore, the property is just 1.3 miles south of Mercy Health - Fairfield Hospital, adding to its strategic appeal. High traffic counts in the area further enhance the property's value and potential for significant return on investment. This is an ideal site for a variety of commercial developments, capitalizing on the existing infrastructure and high consumer traffic.
Property Features for 1266 Omniplex Dr
General Information
Property type
Land
Lot Size
196,020 SF
HighLights
±4.5‑acre land parcel.
PB - Planned Business zoning.
Adjacent to Home Depot.
1.3 miles south of Mercy Health - Fairfield Hospital.
Nearby retailers include Home Depot, Kroger, Meijer, Kohl's, and Old Time Pottery.
Nearby hotels include Hampton Inn, Comfort Inn, Quality Inn, and SpringHill Suites.
Truck Rental Center ...Truck Rental AgencyPrimo Water ExchangeBottled Water SupplierGarden Center at The Home ...Garden CenterHome Services at The Home ...ContractorPro Desk at The Home ...Building Materials Store
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1266 Omniplex Dr Cincinnati, OH 45240
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Cap approach
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Comparable approach
Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.
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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.
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1266 Omniplex Dr Cincinnati, OH 45240
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1266 Omniplex Dr, Cincinnati, OH
Michael Nolan
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