450 Ohio PikeCincinnati, OH 45255

Property Details for 450 Ohio Pike

Year built

1959

Lot size

20.31 AC

Property size (Sq ft)

72,272 SF

Property type

Retail properties

Property subtype

Community centers

APN

41-32-14D-057

APU

413214D057

Description

This exceptional retail property, known as Cherry Grove, offers multiple occupancy opportunities in a high-traffic location. Situated at 450 Ohio Pike in Cincinnati, Ohio (zip code 45255), this Clermont County center boasts a total of 202,797 square feet. Currently, there are 8,035 square feet of vacant space available, divisible into units ranging from a minimum of 2,000 square feet to a maximum contiguous space of 6,035 square feet. The property's strategic location provides unparalleled access to major transportation arteries. Less than half a mile from I-275 access points, and with convenient access from Beechmont Avenue, Cherry Grove ensures high visibility and easy accessibility for customers and employees. This makes it an ideal location for businesses seeking strong foot traffic and convenient access for their clientele. The property's multiple tenancy structure allows for flexibility in leasing arrangements, catering to a variety of business needs and sizes. This prime retail space presents a unique opportunity for businesses looking to establish or expand their presence in a thriving Cincinnati market. The property is conveniently located in Clermont County, Ohio, offering a strong local market and easy access to a wider regional customer base. Contact us today to learn more about this exceptional retail opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $14,173,716

  6.5%

  $13,083,430

  7%

  $12,148,900

• Comparable approach

  Method

  Valuation

  Relative Method

  $22,618,158

  Geo Method

  $22,618,158

• Alternative Use

  Use

  Valuation

  Residential

  $11,036,363

  Hospitality

  $10,109,249

  Educational

  $8,410,777

  Medical

  $8,700,036

  Retail

  $13,083,430

Location Insight

City

Cincinnati

County

Clermont

State

Ohio

Latitude

39.0734

Longitude

-84.3108

CBSA code

17140

CBSA name

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

Property Tax & Assessments

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