Property profile

Harrison Ave Cheviot, OH 45211

OFF-MARKET
Retail properties & Spaces
0.09 ac lot Built 1900
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Property summary

AI-generated overview

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

Verified
Property type Retail properties & Spaces
Year built 1900
Lot 0.09 ac (3,920 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Harrison Ave Cheviot, OH 45211
Cheviot metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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