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$1,100,000 Sold

4505 Eighth Street, Cincinnati, OH 45238

0.35 acres lot
Commercial Sale
Built in 1966
0.35 acres
193 days on market
MLS# 1852517

About this home

Very Strong 3 Tenant, Busy Neighborhood Strip Center, with an Attractive Cap Rate and NOI for Investors NOI - $108,884 Cap Rate - 8.38% Located between the neighborhoods of Western Hills, Price Hill and Delhi 100% Occupied and Stabilized Parking Lot was resealed in Summer 2024 Tenants; Shangri-La Marijuana Dispensary, brand new tenant to the center, complete renovation to the space with over $500k in added improvements including new HVAC, electrical, plumbing, and other fixtures. (3) 5-year extension options currently remaining, 3% annual bumps Papa Johns, long-time tenant of the center for 25+ years, currently on their last option on the current lease, 3% annual bumps Shamrock Coin Laundry Laundromat, long-time tenant of the center for 20+ years, (1) 5-year extension option remaining on current lease, 3% annual bumps

Facts & features

Property

Property Type
Commercial Sale
Year Built
1966
Lot Size
0.35 acres

Listing details

Price
$1,100,000
Status
Sold
Days on Market
193
MLS Number
1852517
Listing Agent
Zachary Timon
Brokerage
Dwyer Commercial Real Estate

Features

Style
Retail
Heating
Central
Cooling
Central Air
Roof
Membrane
Sewer
Public Sewer
Water
At Street

Location

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