5629 Madison RdCincinnati, OH 45227

  • Mixed-use properties
  • 11,700 SF
For Sale
$700,000 View listing

Property Details for 5629 Madison Rd

Year built
1906
Lot size
0.26 AC
Property size (Sq ft)
11,700 SF
Property type
Mixed-use properties
Property subtype
Other investment properties
APN
036-0002-0003-00
APU
360002000300

Description

This exceptional 11,700 square foot commercial property, located at 5629 Madison Road in Cincinnati, Ohio, presents a unique investment opportunity. The building, situated on a 0.26-acre lot, offers a versatile space ideal for a variety of uses, including executive office space and warehouse operations. The property features a two-story design, with 5,850 square feet on each floor, providing ample room for business expansion or multi-tenant occupancy. The lower level offers usable square footage, adding to the overall functionality. Three dock-high doors facilitate efficient loading and unloading, making it particularly suitable for warehouse or distribution needs. Recent improvements include a new roof, siding, windows, and doors, ensuring the building is well-maintained and energy-efficient. The property is zoned T5N.SS-O Neighborhood Small Setback Open, offering flexibility for various business ventures. The asking price is $700,000, translating to $59.83 per square foot. The ample lot size presents potential for additional parking or future building expansion. This prime Cincinnati location in Hamilton County, zip code 45227, offers excellent accessibility and visibility. Don't miss this chance to acquire a well-maintained, versatile commercial property in a thriving area.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,319,123
    6.5%
    $1,217,652
    7%
    $1,130,676
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,453,023
    Geo Method
    $1,453,023
  • Alternative Use

    Use
    Valuation
    Residential
    $1,509,888
    Hospitality
    $1,383,049
    Educational
    $1,150,681
    Medical
    $1,190,254
    Retail
    $1,789,948
5629 Madison Rd, Cincinnati, Ohio
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Location Insight

City
Cincinnati
County
Hamilton
State
Ohio
Latitude
39.1605
Longitude
-84.3961
CBSA code
17140
CBSA name
CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$10,315
$21,882
$101,220
$123,102
-
$62,520
$289,200
$351,720

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