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$899,000

801 Evans Street, Cincinnati, OH 45204

0.22 acres lot
Commercial Sale
Built in 1949
0.22 acres
405 days on market
MLS# 1852417

About this home

This 16,000 sqft office/flex space is a value-add alternative to locating in CBD. Currently, 80% occupied (~3,000sqft vacant) and collecting approximately $116,000 in rent annually. NOI based on 2025 numbers is $75,453 and PRICED AT A 8.4% CAP RATE. Property located in Queensgate, a commercial neighborhood in Cincinnati. Just minutes from CBD, Queensgate is one of the largest untapped areas for redevelopment, business development, new jobs and new housing in Cincinnati. It has been identified by the City of Cincinnati, and by large developers, as a critical location for the revitalization of the I-75 corridor because of its close proximity to the downtown corridors and easy access to many amenities. This property sits with signage and frontage on 8th street viaduct and Evans St (.2 miles North of Route 50). Directly across from the Police Academy and adjacent to the newly developed Nehemiah factory. This property features 10' ceiling height allowing for a modern, open workspace

Facts & features

Property

Property Type
Commercial Sale
Year Built
1949
Lot Size
0.22 acres

Listing details

Price
$899,000
Status
Active
Days on Market
405
MLS Number
1852417
Listing Agent
John Trautmann
Brokerage
J.A. Trautmann Realty, Inc., W

Features

Style
Office
Heating
Natural Gas, Forced Air
Cooling
Central Air
Roof
Membrane
Sewer
Public Sewer
Water
Public

Location

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