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6620 Clough Pike 8,546 SF Office Building Cincinnati, OH 45244 $1,026,000 ($120.06/SF) 9% Cap Rate
Investment Highlights
- Minutes from Interstate-275
- New Landscaping
- Newly Built Out X-Ray Imaging Room
Executive Summary
This exceptional property boasts 16 meticulously designed exam room suites, complemented by a state-of-the-art X-Ray imaging room. With recent renovations, including a new HVAC system installed in 2021, this facility offers modern comfort and efficiency. Situated strategically along the area’s thriving retail and office corridor, it enjoys high daily traffic counts exceeding 14,000 vehicles, ensuring excellent visibility and accessibility. Just minutes away from I-275, with over 62,000 vehicles passing daily, and in close proximity to the recently expanded Mercy Health Anderson Hospital, this location offers unparalleled convenience for both medical professionals and patients. Nestled in a densely populated and affluent area, with an impressive average household income of $163,000 within a 1-mile radius and more than 136,000 residents within a 5-mile radius, this property represents a prime lease opportunity
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
8,546 SF
Building Class
C
Year Built
1981
Price
$1,026,000
Price Per SF
$120.06
Cap Rate
9%
NOI
$92,340
Tenancy
Single
Building Height
1 Story
Typical Floor Size
8,546 SF
Building FAR
0.07
Lot Size
2.90 AC
Zoning
OO, Anderson Twp - Designated for areas where office buildings are the primary use.
Parking
50 Spaces (5.85 Spaces per 1,000 SF Leased)
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Property Taxes
| Parcel Number | 500-0360-0013 | Improvements Assessment | $293,454 |
| Land Assessment | $30,296 | Total Assessment | $323,750 |
Property Taxes
Parcel Number
500-0360-0013
Land Assessment
$30,296
Improvements Assessment
$293,454
Total Assessment
$323,750
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6620 Clough Pike
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