Profitable, Niche, Passive, Commercial Building Opportunity

Asking Price: $445,000

Revenue: 57,300

Cash Flow / NOI: 41,059

This is a great little passive commercial ownership opportunity in
Mt. Healthy. There are two commercial tenants and two
apartment rental tenants, all four of which are on lease contracts.
The main tenant is the Little Dutch Bakery which has been a
mainstay in the area. It has a new owner as of 2022 and it
continues to attract customers from the area with its familiar
bakery products.
The building, built in 1954 is two stories with the Commercial
customers on the first floor and the rental units on the 2 nd . Total
Square feet of approximately 5,710. A New roof has been installed
in the Fall of 2024. This is a great opportunity for someone
wanting passive income at a CAP rate projected at 9%

Location:Cincinnati, OH

Type:RetailBuilding SF:5,710

Building Status:EstablishedFacilities:

The commercial Building for sale is comprised of: – Bakery which is the main anchor store (origianlly operated by the building owner) – Clothing store – 2 second floor apartments.

Current Property Expenses:16,241 (Water, Trash, Property taxes, General Liabilities insurace, and Heat utilitiy)Location Description:In the heart of Mt. Healthy business district. On Hamilton Ave with daily ongoing traffic.

Current and Prior Use:Anchor store is bakery. Adjoining the bakery is a clothing store. On the second floor are two apartments, referred to as North and South units.

Last Updated: December 20, 2024By Categories: