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$400,000
Est. payment /mo
3,973 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 3,973 sqft
Price per Sqft $100
MLS Listing ID 1841031
Year Built 1947
Lot Size 4,704 Sqft
Property Sub-Type Commercial
Source Cincinnati Multiple Listing Service
Property Description
Incredible mixed-use income opportunity in the heart of Blanchester! This fully occupied building includes a well-established restaurant tenant on the ground floor and two residential apartments above. Current gross rents bring in $4,500/month with minimal expenses, delivering a strong 12.4% cap rate at list price. All tenants are month-to-month, offering flexibility for future repositioning. Recent updates and stable rental history make this a turnkey option for investors. Real estate only restaurant business is not for sale. Ideal for 1031 exchange, cash buyers, or DSCR loan investors. Please do not disturb tenants.
Location
State OH
County Clinton
Area Clinton-E32
Zoning Commercial
Rooms
Basement Partial
Interior
Heating Baseboard, Central, Gas
Cooling Central Air
Flooring Wood
Exterior
View Y/N No
Water Access Desc Public
Roof Type Membrane
Road Frontage City
Building
Foundation Stone
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
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Listed by eXp Realty
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Lindzie Gunnels
Managing Broker | License ID: 2022004998
Managing Broker License ID: 2022004998