Vine St Cincinnati, OH 45216
- Commercial real estate
- 0.16 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for Vine St
- Year built
- 1963
- Lot size
- 0.16 lot acres
- Property type
- Commercial real estate
Description
This exceptional commercial property located on Vine Street in Cincinnati, Ohio, presents a compelling investment opportunity. The 5,600 square foot building sits on a 0.16-acre lot and offers a blend of occupied and vacant space. A long-term childcare tenant occupies approximately 1,800 square feet on the ground floor and the entire lower level, generating a stable monthly income of close to $3,600. This established tenant provides a reliable revenue stream for the investor. Additionally, a turnkey, approximately 1,000 square foot suite on the ground floor is currently vacant and ready for immediate occupancy. The entire second floor, comprising approximately 2,800 square feet, is also vacant and available for lease, offering significant potential for future income generation after build-out. The projected gross monthly rent, once all spaces are occupied, exceeds $7,000. This property is ideal for investors seeking a blend of immediate income and substantial upside potential through lease-up of the vacant spaces. The building's location on Vine Street offers excellent visibility and accessibility. This is a turnkey opportunity to acquire a well-situated commercial property with a strong existing tenant and significant potential for growth. The property is priced at $425,000. Inquiries regarding leasing the vacant office suites are welcome.
Value Estimation
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cincinnati
- County
- Hamilton
- State
- Ohio
- Longitude
- -84.4746
- Latitude
- 39.2082