4503 W Eighth Street Cincinnati Price Hill OH 45238 (MLS# 1852517)

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4503 W Eighth Street Cincinnati OH 45238

Listing Information
Price	$1,299,000
Listing Number	1852517

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Agent Remarks
Very Strong 3 Tenant, Busy Neighborhood Strip Center, with an Attractive Cap Rate and NOI for Investors NOI - $108,884 Cap Rate - 8.38% Located between the neighborhoods of Western Hills, Price Hill and Delhi 100% Occupied and Stabilized Parking Lot was resealed in Summer 2024 Tenants; Shangri-La Marijuana Dispensary, brand new tenant to the center, complete renovation to the space with over $500k in added improvements including new HVAC, electrical, plumbing, and other fixtures. (3) 5-year extension options currently remaining, 3% annual bumps Papa Johns, long-time tenant of the center for 25+ years, currently on their last option on the current lease, 3% annual bumps Shamrock Coin Laundry Laundromat, long-time tenant of the center for 20+ years, (1) 5-year extension option remaining on current lease, 3% annual bumps

Agent Remarks

Very Strong 3 Tenant, Busy Neighborhood Strip Center, with an Attractive Cap Rate and NOI for Investors NOI - $108,884 Cap Rate - 8.38% Located between the neighborhoods of Western Hills, Price Hill and Delhi 100% Occupied and Stabilized Parking Lot was resealed in Summer 2024 Tenants; Shangri-La Marijuana Dispensary, brand new tenant to the center, complete renovation to the space with over $500k in added improvements including new HVAC, electrical, plumbing, and other fixtures. (3) 5-year extension options currently remaining, 3% annual bumps Papa Johns, long-time tenant of the center for 25+ years, currently on their last option on the current lease, 3% annual bumps Shamrock Coin Laundry Laundromat, long-time tenant of the center for 20+ years, (1) 5-year extension option remaining on current lease, 3% annual bumps

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Commercial Information
# of Buildings	1
Best For	Medical/Dental, Multi Tenant, Restaurant, Shopping Center, Special Purpose, Other, Commercial, Food Service, Franchise, Grocery/Pony

General Information
Property Type	Commercial Sale
County	Hamilton
Subdivision	Price Hill
Zip Code	45238
Listing Number	1852517

Property Features
Basement	None
Parking	Public, On Street, Asphalt
Heating	Central
Cooling	Central Air

Additional Information
Levels	One
Construction	Block, Concrete
Gas	At Street
Water	At Street
Sewer	Public Sewer
Foundation	Slab
Occupancy	Tenant Right

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This listing courtesy of Zachary D Timon (513-633-9191), Dwyer Commercial Real Estate (513-784-1776). All Information is believed accurate, but is NOT guaranteed.

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