$1,100,000 Sold
4505 Eighth Street, Cincinnati, OH 45238
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
Cincinnati, OH 45238
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