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$ 899,000
Est. payment /mo
Active
801 Evans St Cincinnati, OH 45204
9,583 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1852417
Year Built 1949
Lot Size 9,583 Sqft
Lot Dimensions 100x100
Property Sub-Type Office
Source Cincinnati Multiple Listing Service
Property Description
This 16,000 sqft office/flex space is a value-add alternative to locating in CBD. Currently, 80% occupied (~3,000sqft vacant) and collecting approximately $116,000 in rent annually. NOI based on 2025 numbers is $75,453 and PRICED AT A 8.4% CAP RATE. Property located in Queensgate, a commercial neighborhood in Cincinnati. Just minutes from CBD, Queensgate is one of the largest untapped areas for redevelopment, business development, new jobs and new housing in Cincinnati. It has been identified by the City of Cincinnati, and by large developers, as a critical location for the revitalization of the I-75 corridor because of its close proximity to the downtown corridors and easy access to many amenities. This property sits with signage and frontage on 8th street viaduct and Evans St (.2 miles North of Route 50). Directly across from the Police Academy and adjacent to the newly developed Nehemiah factory. This property features 10' ceiling height allowing for a modern, open workspace
Location
State OH
County Hamilton
Area Hamilton-W04
Zoning Business
Rooms
Basement None
Interior
Heating Forced Air, Gas
Cooling Central Air
Flooring Carpet, Concrete
Exterior
Exterior Feature Sidewalks, Lights
Parking On Site 5
View Y/N No
Water Access Desc Public
Roof Type Membrane
Road Frontage City
Building
Faces I275 to 471 towards downtown. Take 71 North. First exit on the left. Right on Evans St. Property on the left.
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Listed by J.A. Trautmann Realty, Inc., W