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6011 Madison Rd 15,600 SF 100% Leased Retail Building Cincinnati, OH 45227 $3,150,000 ($201.92/SF) 7% Cap Rate
EXECUTIVE SUMMARY
Completely gutted in 2022, remodeled with a new addition in 2023 and 2024. Commercial Tenant, Dance Factory Fitness, is on the 1st floor with great financials. Has several years and options left on their lease with 2% annual increases. The 2nd and 3rd floor are brand new apartments with high end amenities and over 1000/SF each with a dedicated parking spot, with a total of 12 Parking spots for the building. Located in the heart of Madisonville with many new shops and restaurants moving in/announced. Surrounded by many high-end neighborhoods in Cincinnati. Building has a LEED Silver 15 year CRA Tax Abatement. Building is located in the Qualified Opportunity Zone and eligible for this program.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
15,600 SF
Building Class
C
Year Built
1925
Price
$3,150,000
Price Per SF
$201.92
Cap Rate
7%
NOI
$220,440
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.99
Lot Size
0.18 AC
Opportunity Zone
Yes
Zoning
Form Based Code
Parking
10 Spaces (0.64 Spaces per 1,000 SF Leased)
Frontage
51’ on Madison Rd
AMENITIES
- Bus Line
- Fireplace
- Air Conditioning
Walk Score®
Very Walkable (74)
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 036-0003-0110 | Improvements Assessment | $205,944 |
| Land Assessment | $11,116 | Total Assessment | $217,060 |
PROPERTY TAXES
Parcel Number
036-0003-0110
Land Assessment
$11,116
Improvements Assessment
$205,944
Total Assessment
$217,060
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Presented by
Lou Park Realty
6011 Madison Rd
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