7751 Reading Rd Cincinnati, OH 45237-2140
- Bars
- 19,184 SF
- 0.44 lot acres
Current Use by Public Records
- Brandy's / Night Club
Property Details for 7751 Reading Rd
- Year built
- 1953
- Lot size
- 0.44 lot acres
- Property size
- 19,184 SF
- Property type
- Bars
- Property subtype
- Pubs
- APN
- 117-0014-0105-00
- APU
- 1170014010500
Description
This exceptional commercial property, located at 7751 Reading Rd in Cincinnati, Ohio, presents a compelling investment opportunity. The 2,464 square foot building, constructed in 1954, is currently operating as a successful urban tavern and bar with a limited food menu. Situated on a high-traffic section of Reading Road, boasting approximately 27,000 vehicles per day, the property enjoys excellent visibility and accessibility. The CC-A-T zoning allows for a variety of uses, offering flexibility for potential buyers. Ample parking is available with 40 paved spaces. The property's current configuration includes 121 interior seats and an additional 100 seats on an expansive outdoor deck, accommodating a total client capacity of 221. This presents significant potential for expansion and enhancement, particularly given the substantial outdoor space. The asking price is $1,750,000. This is a value-add opportunity for investors or owner-operators seeking to capitalize on a thriving location and existing business. No restrictions exist on build-out, making it ideal for a range of hospitality ventures. The property is located in Hamilton County, Ohio, zip code 45237.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $315,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $395,000
- 6.5%
- $430,000
- 7%
- $400,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $335,000
- Geo Method
- $435,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $435,000
- Retail
- $415,000
- Mixed-Use
- $360,000
- Hospitality
- $475,000
- Educational
- $415,000
- Residential Income
- $355,000
- Energy
- $445,000
- Income-Based Land
- $440,000
- Food Service
- $355,000
Location Insight
- Map
- Local Demand
- City
- Cincinnati
- County
- Hamilton
- State
- Ohio
- Longitude
- -84.4547
- Latitude
- 39.2041
- CBSA code
- 17140
- CBSA name
- CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA