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14 N 3rd St 5,000 SF 100% Leased Retail Building Ripley, OH 45167 $260,000 ($52/SF) 10.58% Cap Rate
Investment Highlights
- Self Storage
- Air BnB / Short Term Rental
Executive Summary
Truly one-of-a-kind multi-use investment opportunity in the heart of historic Ripley! The Jail Break Inn & Lockup Storage, 2025 Cincy Magazine "Best of the East" offers a thriving short-term rental business PLUS additional income from 6 storage units generating $500/month. This iconic property is the fully renovated former Ripley Jail, thoughtfully converted into a memorable guest experience that blends preserved history with modern comfort. The short-term rental features 3 bedrooms, 1 full bath, 4 beds, and 2 genuine looking jail cells, along with authentic architectural details including exposed brick, iron bars, and historic stonework. Guests enjoy updated amenities throughout while being immersed in Ripley's rich story tied to the Ohio River and Underground Railroad. Strong rental history, unique branding, and local notoriety make this a standout turnkey investment. A rare chance to own a profitable, conversation-worthy property with multiple income streams!
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
5,000 SF
Building Class
C
Year Built/Renovated
1975/2023
Price
$260,000
Price Per SF
$52
Cap Rate
10.58%
NOI
$27,500
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.88
Lot Size
0.13 AC
Zoning
Commercial
Parking
2 Spaces (0.4 Spaces per 1,000 SF Leased)
Frontage
48’ on 3rd St
Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
Somewhat walkable
30/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 41-000937-0000 | Improvements Assessment | $31,990 |
| Land Assessment | $6,050 | Total Assessment | $38,040 |
Property Taxes
Parcel Number
41-000937-0000
Land Assessment
$6,050
Improvements Assessment
$31,990
Total Assessment
$38,040
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14 N 3rd St
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