Archive: COMMERCIAL REAL ESTATE AUCTION
Conducted: December 2, 2015 12:01 PM EDT
Location: 7612 Hamilton Ave.
Cincinnati (Mt. Healthy), OH 45231

Highlights:

COMMERCIAL INVESTMENT/RETAIL REAL ESTATE
CENTRAL BUSINESS DISTRICT LOCATION

Notes:

Located in the Central Business District of Mt. Healthy is this excellent purchasing opportunity. The building was constructed in 1961 of concrete block with brick facing and contains 7136sf according to the Hamilton County Auditor. The 0.165 acre corner lot has about 2500sf of paved off-street parking available. There is also on street parking available. All public utilities are available. The flat roof is rubber membrane and tar – new in 1999. The property is not currently rented/leased. The property is in close proximity to Mt. Healthy Police & Fire station.

This 2 story building has 3 entrances and could be divided into three or four income streams. There are separate gas & electric meters. Water is not split and could either be the responsibility of the landlord or divided by sf use. Owner indicates the average quarterly water/sewer bill was $225.00.There is at least 1 bathroom for every retail space in the building.

    The building was originally constructed with 3 retail store fronts, all with separate entrances off heavily traveled Hamilton Ave with rear entry from the parking lot also. Although all store fronts are currently connected, it could easily be divided into 2 or 3 retail or office spaces. All units have separate forced air furnaces. The entire first floor contains approximately 3450sf of space.

    The approximately 3700sf second floor is mostly clear span with no poles or walls. It was previously used as both a banquet facility and also church. It will seat approximately 275 people and contains 2 restrooms and a small food preparation area. Access is from both Hamilton Ave and the rear of the building. It is heated by 2 gas forced air furnaces with C/A. All remaining business assets will transfer with property.

The property is zoned E-1, Retail. This zoning allows for a wide variety of business uses. According to the Hamilton County Auditor, there are two combined lots which comprise 0.16 acre with 50’ of frontage on Hamilton Ave. The annual taxes are $6,061 based on an assessed value of $197,420. PID # 5930004002700.

HIGHEST BID WILL BE PUT ON CONTRACT
DON’T FIND OUT LATER THIS OUTSTANDING OPPORTUNITY SOLD FOR LESS THAN YOU WOULD HAVE PAID!


PROPERTY INFORMATION PACKET


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