635 Old State Route 74Cincinnati, OH 45244

Property Details for 635 Old State Route 74

Year built

1985

Construction

BRICK

Lot size

1.20 AC

Property size (Sq ft)

2,904 SF

Property type

Retail properties

Property subtype

Other car washes

APN

41-32-13D-011

APU

413213D011

Description

This exceptional 1.2-acre commercial land parcel presents a compelling investment opportunity in Cincinnati, Ohio. Located at 635 Old State Route 74 in Hamilton County, zip code 45244, this property boasts a highly desirable location within the Eastgate/Mount Carmel submarket. Its strategic positioning provides convenient access to major thoroughfares such as State Route 32 and Interstate 275, ensuring excellent visibility and accessibility for potential businesses. The site benefits from its proximity to several thriving eastside neighborhoods including Milford, Batavia, Anderson, and Turpin Hills, creating a robust customer base. Currently utilized as a car wash, the property's existing infrastructure and high traffic volume offer immediate potential for continued operation or redevelopment. Zoned B-1 Business (Union Township), the property allows for a diverse range of commercial uses, providing flexibility for various development plans. The asking price for this exceptional property is $500,000. This presents a rare chance to acquire a well-situated commercial lot with significant upside potential in a growing market. Don't miss this opportunity to capitalize on the strong demand for commercial real estate in this prime Cincinnati location.

• CAP approach

  CAP return

  Valuation

  6%

  $569,522

  6.5%

  $525,712

  7%

  $488,161

• Comparable approach

  Method

  Valuation

  Relative Method

  $908,832

  Geo Method

  $908,832

• Alternative Use

  Use

  Valuation

  Residential

  $443,458

  Hospitality

  $406,205

  Educational

  $337,958

  Medical

  $349,581

  Retail

  $525,712

Location Insight

City

Cincinnati

County

Clermont

State

Ohio

Latitude

39.1043

Longitude

-84.2896

CBSA code

17140

CBSA name

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

Property Tax & Assessments

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