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4047 Mclean Dr 2,862 SF Office Building Cincinnati, OH 45255 $1,950,000 ($681.34/SF) 10% Cap Rate
Executive Summary
Incredible investment opportunity with this mixed-use 1-acre (potentially 2+ acre with Beechmont frontage) property right in the heart of Cherry Grove. Property includes an existing home and 50x70 detached workshop (currently a metal fab shop) situated adjacent to the hustle and bustle of the main artery through Cherry Grove. Could be a good home for skilled trade business or could be developed along with available adjoining properties, that have Beechmont Ave. road frontage available as well.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
2,862 SF
Building Class
C
Year Built
1954
Price
$1,950,000
Price Per SF
$681.34
Cap Rate
10%
NOI
$195,000
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
2,419 SF
Slab To Slab
9’
Building FAR
0.06
Lot Size
1.04 AC
Parking
10 Spaces (3.49 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Fenced Lot
- Storage Space
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Property Taxes
| Parcel Number | 41-41-15.-052 | Improvements Assessment | $109,310 |
| Land Assessment | $22,330 | Total Assessment | $131,640 |
Property Taxes
Parcel Number
41-41-15.-052
Land Assessment
$22,330
Improvements Assessment
$109,310
Total Assessment
$131,640
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4047 Mclean Dr
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