525 Clough PikeCincinnati, OH 45244

Property Details for 525 Clough Pike

Year built

1989

Construction

BRICK

Lot size

0.99 AC

Property size (Sq ft)

2,990 SF

Property type

Retail properties

Property subtype

Other car washes

APN

41-41-36B-045

APU

414136B045

Description

This exceptional 0.99-acre commercial land parcel presents a compelling investment opportunity in Cincinnati, Ohio. Strategically located at 525 Clough Pike in Hamilton County, zip code 45244, this property boasts high visibility and accessibility. Its prime location within the Eastgate/Mount Carmel submarket ensures significant exposure to a substantial customer base. The site enjoys convenient access to major thoroughfares, including State Route 32 and Interstate 275, providing effortless connectivity to surrounding communities such as Milford, Batavia, Anderson, and Turpin Hills. Currently utilized as a car wash, the property benefits from the existing traffic generated by nearby retail establishments. Zoned B-1 Business (Union Township), this versatile lot offers a wide range of potential commercial uses. Entrepreneurs can capitalize on the existing car wash operation or envision new development projects tailored to the area's needs. The asking price for this remarkable property is $300,000. This is an exceptional chance to acquire a well-positioned commercial land asset with significant growth potential in a thriving Cincinnati submarket. Don't miss this opportunity to secure a piece of prime Cincinnati real estate.

• CAP approach

  CAP return

  Valuation

  6%

  $586,388

  6.5%

  $541,281

  7%

  $502,618

• Comparable approach

  Method

  Valuation

  Relative Method

  $935,747

  Geo Method

  $935,747

• Alternative Use

  Use

  Valuation

  Residential

  $456,591

  Hospitality

  $418,235

  Educational

  $347,966

  Medical

  $359,933

  Retail

  $541,281

Location Insight

City

Cincinnati

County

Clermont

State

Ohio

Latitude

39.086

Longitude

-84.3029

CBSA code

17140

CBSA name

CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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