10400 Reading Rd Cincinnati, OH 45241
- Community centers
- 8.89 lot acres
Current Use by Public Records
- Kyle Daniel Vollmer / Physical Therapist
- Cam International Market / Asian Grocery Store / Grocery Store
- Scott M. Brewer, MS / Physical Therapist
- Elizabeth A. Schaefer, PTA / Physical Therapist
- Southern Chinese BBQ Cafe / Food Court
Property Details for 10400 Reading Rd
- Year built
- 1960
- Lot size
- 8.89 lot acres
- Property type
- Community centers
- APN
- 611-0020-0033-00
- APU
- 6110020003300
Description
This exceptional 3.376-acre development site presents a unique opportunity in the thriving Evendale, Ohio market. Located in a high-traffic area, this property offers excellent visibility and convenient access, boasting a strategic location less than 1.25 miles from I-75. The site is zoned for parking garage/lots (456) and currently features a vacant 12,300 square foot building suitable for immediate development or lease. The property's prime location is further enhanced by its proximity to major retailers, including a Walmart Supercenter and Menards, ensuring high foot traffic and strong consumer presence. With 7.1 million square feet of office space within a 3-mile radius, this site benefits from a robust and growing commercial environment. The property is ideal for a variety of retail, office, or special purpose uses, offering a flexible platform for development. The minimum divisible space is 12,300 square feet, with a maximum contiguous space of 12,300 square feet. The building was constructed in 1920, providing a solid foundation for redevelopment or adaptive reuse. An additional pad site is also available, presenting further expansion possibilities. This is a rare chance to acquire a highly desirable development site in a prime location with significant potential for growth and return on investment. The APN is 611-0020-0410-00.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $6,005,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $6,110,000
- 6.5%
- $6,230,000
- 7%
- $7,150,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $7,310,000
- Geo Method
- $7,855,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $6,205,000
- Retail
- $6,420,000
- Mixed-Use
- $7,045,000
- Hospitality
- $7,630,000
- Educational
- $7,090,000
- Residential Income
- $6,580,000
- Energy
- $6,205,000
- Income-Based Land
- $6,370,000
- Food Service
- $7,010,000
Location Insight
- Map
- Local Demand
- City
- Cincinnati
- County
- Hamilton
- State
- Ohio
- Longitude
- -84.4205
- Latitude
- 39.2529
- CBSA code
- 17140
- CBSA name
- CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA
