5060 Crookshank Rd Cincinnati, OH 45238-3302
- Bars
- 3,264 SF
- 0.81 lot acres
Current Use by Public Records
- Patrick's Sports Bar & Grill / Restaurant / Bar
Property Details for 5060 Crookshank Rd
- Year built
- 1980
- Lot size
- 0.81 lot acres
- Property size
- 3,264 SF
- Property type
- Bars
- Property subtype
- Pubs
- APN
- 248-0003-0257-00
- APU
- 2480003025700
Description
This exceptional opportunity presents the chance to acquire a well-established and popular bar and restaurant located at 5060 Crookshank Rd, Cincinnati, OH 45238. The asking price for this turnkey business and building is $2,000,000. The 5,119 square foot property, built in 1980 and renovated in 2017, sits on a 0.815-acre lot and is zoned for business and retail use. The single-story, Class B building offers ample space for both dining and operations. Its prime location in Wester Hills, near a major shopping mall, ensures high visibility and convenient access for patrons. The business boasts a strong customer base and loyal following, built over many years of operation. The existing staff provides a seamless transition for a new owner. This is an ideal investment for an entrepreneur seeking a thriving, established business in a desirable Cincinnati location. The property's strong financials and established reputation make it a compelling investment opportunity in a vibrant market. The property features ample parking, a key advantage in a busy commercial area. This is a rare chance to acquire a successful, established business with significant growth potential. The property's location and existing infrastructure provide a solid foundation for continued success and profitability. Detailed financial information is available upon request.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $275,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $280,000
- 6.5%
- $310,000
- 7%
- $325,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $305,000
- Geo Method
- $265,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $350,000
- Retail
- $350,000
- Mixed-Use
- $320,000
- Hospitality
- $260,000
- Educational
- $270,000
- Residential Income
- $345,000
- Energy
- $305,000
- Income-Based Land
- $345,000
- Food Service
- $280,000
Location Insight
- Map
- Local Demand
- City
- Cincinnati
- County
- Hamilton
- State
- Ohio
- Longitude
- -84.6075
- Latitude
- 39.1282
- CBSA code
- 17140
- CBSA name
- CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA