10045 Springfield Pike, Woodlawn, OH 45215

This exceptional investment opportunity presents two commercial buildings totaling 9,610 square feet situated on a 0.573-acre lot at 10045 Springfield Pike in Cincinnati, Ohio's Woodlawn suburb. The property, featuring a mix of office and retail space, boasts a strong location with over 10,000 vehicles passing daily. Built in 1962 and extensively renovated in 2018 (including a new roof in 2021), the two-story buildings offer a blend of existing income and significant value-add potential. Currently operating at 65% occupancy, the property generates a current NOI of $96,449, representing a 7.30% cap rate. However, a pro-forma analysis projects a substantial increase to a 13.25% cap rate and $185,438 NOI. The property includes 38 parking spaces and is zoned for commercial use. The asking price is $1,400,000, translating to $145.68 per square foot. This multi-tenant property offers a unique chance to capitalize on the vibrant Woodlawn community and its high traffic count. The existing office spaces present a compelling opportunity for creative redevelopment, potentially including conversion into studio apartments. The solid building mechanics and prime location make this a compelling investment for discerning buyers.