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616 Ohio Pike
Cincinnati, OH 45245
Red Lobster · Retail Property For Sale

Property Facts

Property Type
Retail
Property Subtype
Restaurant
Building Size
8,447 SF
Building Class
C
Year Built/Renovated
1980/2010
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.47 AC
Frontage
195’ on Ohio Pike

About 616 OHIO PIKE , CINCINNATI, OH 45245

This Red Lobster property is located at 616 Ohio Pike in Cincinnati, Ohio. Cincinnati is a city in and county seat of Hamilton County, situated on the north side of the confluence of the Licking and Ohio Rivers. The city is the third-largest in Ohio and 65th largest in the United States. Surrounding Retail and Points of Interest The subject property is well-positioned in a dense retail corridor, benefitting from its proximity to major national and local tenants. Nearby national tenants include: Lowe’s, Home Depot, TJ Maxx, Target, Staples, Macy’s, Kroger, Walgreens, Big Lots, Dollar Tree, Dunkin Donuts, Applebee’s, Chick-fil-a, Chipotle, Wendy’s, Buffalo Wild Wings, Speedway, and Family Dollar among various others. Two shopping centers are located approximately two miles away from the subject property, combining to offer over 100 stores and services. Nagel Middle School, Summit Elementary School, Anderson High School, and Branter Lane Elementary School all lie within five miles of the subject location. These four schools have a combined enrollment of more than 3,400 students. The Mercy Health Anderson Hospital, a 188-bed general medical and surgical hospital, is located within four miles of this Red Lobster location. Traffic Counts and Demographics Cincinnati has approximately 49,842 individuals residing within a three-mile radius of the property and 110,850 within a five-mile radius. This Red Lobster property is located on Ohio Pike, which experiences average daily traffic counts exceeding 43,309. Intersecting with Ohio Pike is Interstate-275, which brings an additional 65,110 vehicles to the immediate area daily. Cincinnati, Ohio Roughly 45 miles east of the Ohio-Indiana border is Cincinnati, Ohio. Cincinnati, which is within a one-day drive of two-thirds of the American population, is a city in and county seat of Hamilton County. The city boasts the fastest growing economy in the Midwestern United States, having a Gross Metro Product of $119 billion dollars. Several Fortune 500 companies are headquartered in Cincinnati, such as Proctor and Gamble, The Kroger Company, and Macy’s. The city is home to two major professional sports teams, the Cincinnati Reds of Major League Baseball and the Cincinnati Bengals of the National Football League. The University of Cincinnati is positioned within the city’s limits. The University of Cincinnati is a major economic force for the city, having an economic impact of over $3.5 billion dollars each year. Xavier University, which is also located in Cincinnati, along with the University of Cincinnati have a combined enrollment of more than 50,000 students. Listed as fourth on CNN’s Top 10 cities for new graduates, many of the 50,000 students stay in Cincinnati after they graduate.

Property Taxes

Property Taxes

Parcel Number
41-32-16E-140
Land Assessment
$144,480
Improvements Assessment
$449,440
Total Assessment
$593,920
  • Listing ID: 13935137

  • Date on Market: 10/1/2018

  • Last Updated:

  • Address: 616 Ohio Pike, Cincinnati, OH 45245

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