510 Ohio Pike
Cincinnati, OH 45255
Retail Property For Sale

The subject investment property is situated on Ohio Pike, less than 10 miles from the heart of downtown Cincinnati, Ohio’s third-most populous city. Ohio Pike boasts an average traffic count of approximately 40,000 vehicles per day and serves as an access road to the nearby Interstate-275 (less than half a mile), which brings an additional 58,000 vehicles into the immediate surrounding area each day. Within an immediate five-mile radius is a highly affluent suburban community with average household income exceeding $100,000. There are more than 52,000 individuals residing within a three-mile radius of the subject property and more than 117,000 individuals within a five-mile radius. This Bob Evan’s is strategically positioned at the hard corner of a signalized intersection as an outparcel to Home Depot. This property benefits from its central position in a highly dense retail corridor that consists of national and local tenants, shopping centers, hospitality accommodations, schools and medical facilities, all within close proximity of the site. Major national tenants in the immediate area include: Home Depot, Lowe’s, Walgreens, Kroger, Aldi, Target, Staples, Audi, McDonald’s, Chick-fil-A, Burger King, Red Lobster, Chick-fil-A, White Castle, Dunkin’ Donuts, and many more. Several hospitality accommodations are within walking distance of the subject property, including: Days Inn by Wyndam, Best Western and Red Roof Inn. Mercy Health – Anderson Hospital, a 282-bed medical facility, is less than three miles from the subject property. Mercy Health provides easy access to leading physicians, advanced technology, experienced and compassionate caregivers and a wide range of care. The subject property additionally sits in a very strong academic area, with multiple schools within a three-mile radius, including: Anderson High School, Nagel Middle School, Summit Elementary, Immaculate Heart of Mary Catholic School, Ayer Elementary and Williamsville-Tobasco Elementary. Together these academic institutions boast a total combined enrollment of approximately 5,000 students. Strategically located on the banks of the Ohio river and home to 10 Fortune 500 companies, Cincinnati is a well-connected city with strengths in manufacturing, financial services and healthcare. Cincinnati's strategic location places it within 500 miles of almost 60 percent of the entire United States population. The City of Cincinnati is home to 52 diverse, vibrant neighborhoods, each with its own charm and story. Breathtaking views, historic houses, pastoral-like peacefulness, eccentric arts, and so much more – Cincinnati neighborhoods really do have something for everyone. Additionally, with a cost of living rating of 88, Cincinnati is much less expensive than the national average of 100. Housing costs in particular, with a rating of 70 versus the national average, are significantly lower in Cincinnati. Cincinnati's diversified economic base includes manufacturing, wholesale and retail trade, insurance and finance, education and health services, government, and transportation. Known worldwide for Procter & Gamble soap products and U.S. Playing Cards, the city ranks high nationally in the value of manufacturing shipments. 10 Fortune 500 companies have established headquarters in Cincinnati: AK Steel (steel manufacturer), American Financial (financial services), Ashland, Inc. (chemicals), Cinergy Corp.(public utilities), Federated Department Stores (retail stores), Fifth Third Bancorp (financial services), The Kroger Co. (grocery stores), Omnicare (pharmacy services), Procter & Gamble Co.(consumer goods), and Western & Southern Financial (financial services). More than 360 other Fortune 500 companies maintain operations in Cincinnati. Retail sales in the metropolitan Cincinnati area average $2.8 billion annually.