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    741 Lila Ave Milford, OH 45150

    Sponsored
    For Sale
    Contact for pricing

    6,500 SF Multi-Tenant Retail Opportunity

    Property size:
    6,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 6,500 square foot multi-tenant retail property, located at 741 Lila Ave in Milford, Ohio (zip code 45150), presents a unique redevelopment opportunity. Situated on a 0.59-acre lot within Clermont County's designated DORA district, this B3-zoned property boasts excellent visibility and high traffic counts (10,000+ vehicles per day). The property currently features four units and offers flexible usage potential, including retail, flex space, and even multi-family capabilities. The seller is open to creative deal structures to facilitate a smooth transaction, including owner financing, land lease, or lease option to buy, making this an attractive proposition for qualified users. This prime location in Downtown Milford offers significant potential for growth and return on investment. The property's address is 741 Lila Ave, and its latitude and longitude coordinates are 39.1762578, -84.2835045 respectively. This is a truly exceptional opportunity to acquire a strategically located property with significant upside potential.

    Property Features for 741 Lila Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    6,500 SF
    Lot Size
    25,700 SF

    Building Details

    Units
    4

    HighLights

    • Sale or lease available.
    • Flexible financing options including owner financing, land lease, or lease‑option.
    • Downtown Milford redevelopment opportunity.
    • B3 zoning.
    • Versatile zoning allows for flex, retail, and multifamily uses.
    • Located in a Designated Outdoor Refreshment Area (DORA).
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Law Firm 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
    Milford
    County
    Clermont
    State
    Ohio
    Longitude
    -84.2835045
    Latitude
    39.1762578

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    FAQs

    What type of property is this?
    Individual retail property - 6,500 SF Multi-Tenant Retail Opportunity
    Where is this individual retail property located?
    The property is located at 741 Lila Ave Milford, OH.
    What are key features of this property?
    This property features: Sale or lease available.; Flexible financing options including owner financing, land lease, or lease-option.; Downtown Milford redevelopment opportunity.
    (513) 322-6310
    Request Owner's contact information
    741 Lila Ave Milford, OH 45150
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    Milford, OH 45150
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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
    741 Lila Ave Milford, OH 45150
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