4503 W Eighth St Active Save Request In-Person Tour Request Virtual Tour
Cincinnati,OH 45238
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1852517
Year Built 1966
Lot Size 0.354 Acres
Property Sub-Type Retail
Source Cincinnati Multiple Listing Service
Property Description
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
Location
State OH
County Hamilton
Area Hamilton-W04
Zoning Business,Commercial
Rooms
Basement None
Interior
Heating Central
Cooling Central Air
Flooring Vinyl
Exterior
View Y/N No
Water Access Desc At Street
Roof Type Membrane
Building
Foundation Slab
Sewer Public Sewer
Water At Street
Level or Stories One
New Construction No