Property summary
This exceptional investment opportunity presents a substantial retail building situated in the heart of Cheviot's bustling business district. The property boasts a sizable footprint, exceeding 2800 square feet on the first floor, currently requiring some renovation to reach its full potential. The first floor offers significant space for a variety of retail uses. Above the first floor, the second level features two apartments currently under construction. These units are in the stud phase, but benefit from completely new electrical, plumbing, HVAC systems, and a recently replaced roof. Each unit will have its own separate utilities, offering flexibility and potential for rental income. Adding to the property's value is a full basement, providing ample storage or additional development possibilities. The 0.09-acre lot provides convenient access and visibility within the vibrant commercial area. This property is ideal for an investor seeking a high-return project with significant upside potential through renovation and lease-up of the existing and potential future spaces. The combination of retail space and apartment units creates a unique opportunity to generate income from multiple revenue streams. The property's prime location ensures high visibility and accessibility for customers and tenants. Don't miss this chance to acquire a substantial property in a thriving business district.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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