7609-7611 Hamilton Ave
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7609-7611 Hamilton Ave
5,710 SF 100% Leased Retail Building Cincinnati, OH 45231 $445,000 ($78/SF) 9% Cap Rate
Executive Summary
This is a great little passive commercial ownership opportunity in Mt. Healthy. There are two commercial tenants and two apartment rental tenants, all four of which are on lease contracts. The main tenant is the Little Dutch Bakery which has been a mainstay in the area. It has a new owner as of 2022 and it continues to attract customers from the area with its familiar bakery products. The building, built in 1954 is two stories with the Commercial customers on the first floor and the rental units on the 2 nd . Total Square feet of approximately 5,710.
A New roof has been installed in the Fall of 2024. This is a great opportunity for someone wanting passive income at a CAP rate projected at 9%
A New roof has been installed in the Fall of 2024. This is a great opportunity for someone wanting passive income at a CAP rate projected at 9%
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,710 SF
Year Built
1954
Price
$445,000
Price Per SF
$78
Cap Rate
9%
NOI
$40,050
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.01
Lot Size
0.13 AC
Parking
6 Spaces (1.05 Spaces per 1,000 SF Leased)
Frontage
41 FT on Hamilton Ave
Walk Score®
Very Walkable (79)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 593-0003-0139 | Improvements Assessment | $48,657 |
Land Assessment | $11,487 | Total Assessment | $60,144 |
PROPERTY TAXES
Parcel Number
593-0003-0139
Land Assessment
$11,487
Improvements Assessment
$48,657
Total Assessment
$60,144
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7609-7611 Hamilton Ave
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