83 Powhatton Dr Milford, OH 45150
- Office Properties & Spaces
- 5,288 SF
Current Use by Public Records
- Labcorp / Medical Laboratory / Blood Testing Service
Property Details for 83 Powhatton Dr
- Property size
- 5,288 SF
- Property type
- Office Properties & Spaces
Description
This exceptional 5,288 square foot traditional office building, located at 83 Powhatton Drive in Milford, Ohio (zip code 45150), presents a compelling investment opportunity. Currently boasting 100% occupancy with stable tenants, this multi-tenant property offers significant upside potential due to below-market rental rates. The asking price is $675,000, translating to a price per square foot of $127.65 and an attractive 9.22% capitalization rate. Situated in Clermont County, this property benefits from a strong historical occupancy record, indicating a stable and reliable income stream. The building's traditional office layout is well-suited for a variety of professional businesses. This is a rare chance to acquire a high-performing asset with immediate cash flow and significant long-term growth prospects. The property's location in Milford, Ohio provides convenient access to major transportation routes and amenities. The strong tenant history and current full occupancy make this an ideal investment for those seeking a stable and profitable commercial real estate venture. The below-market rents offer a clear path to increased profitability through future lease renewals or adjustments. This is a turnkey opportunity with minimal vacancy risk and substantial potential for appreciation.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Milford
- County
- Clermont
- State
- Ohio
- Longitude
- -84.2777
- Latitude
- 39.1727
