1311 US Route 50 - Hospitality FOR SALE


Milford, OH 45150
$875,000 USD
513-801-5120
1311 US Route 50, Milford, OH for Sale
$875,000 USD
Hospitality - FOR SALE
1/55
null | Request Cap Rate

1311 US Route 50
Milford, OH 45150


HIGHLIGHTS

  • Less than 4 Miles to 275, Shopping, Nature Preserve, and Little Miami River
  • Impeccably Maintained and Completely Turn Key
  • Industrial B1 + B2 Commercial Zoning

OVERVIEW

Zoned Industrial, Commercial B1 and B2 Approved (currently tax exempt and approved for use as a rehabilitation facility). Flexible zoning makes this an ideal property for any business or industrial use. Would make an excellent bed and breakfast, recovery home, wedding venue, chapel, co-op/shared workspace, retreat center, attorney office, dentistry office, small winery, equestrian property..If you've got the vision, it can likely be done. Public utilities. Currently non-conforming use with approval as rehabilitation facility. A re-zoning application may be submitted to revert property back to residential use, which seller is willing to allow a contingency for. The primary building features 3038 square feet, secondary building with garage offers additional sq. ftg on 3.26 acres of flat land. The residence showcases classic Georgian Revival architecture, with its precise symmetry, high ceilings, and optimally sized rooms. This property offers high visibility while maintaining a sense of privacy and seclusion. Less than 5 Miles to I-275, downtown Milford, Little Miami River, + Cincinnati Nature Preserve. No book of business or NOI available- property has operated as a non-profit for atleast a decade. Contact listing agent for any questions. The walls of the elegant Pink House of Milford tell a story not often heard. Tucked down a private gravel driveway, nestled among mature trees and privacy fencing, you will discover a historic treasure which has been preserved for nearly two centuries with great enthusiasm. Built to last, former estate of rags-to-riches local farmer, Mr.& Mrs. Daniel Turner, this Georgian Revival Home soon thereafter became a welcoming haven for those who desired a place of safety. Those escaping slavery via underground railroad during the civil war found refuge within these very walls, leaving their marks on the interior stone foundation, which was a way to count the days of sanctuary. The legacy of liberation continued through the eras to come, with the facility most recently used as a non-profit women's recovery home. This impeccable beauty awaits its next good steward, who will inherit the rich benefits enjoyed by all previous owners.

FOR SALE DETAILS

PRICE

$875,000 USD

PRICE/SF

$270 USD /SF

# OF ROOMS

4

PRICE/ROOM

$218,750 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

The Pink House

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

Lodge/Meeting Hall, Winery/Vineyard

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1840

PARKING SPACES

3

LAND DETAILS

LAND ACRES

3.25 AC

LAND SF

141,757 SF

ZONING

-

APN/PARCEL ID

19-24-08E-051,19-24-08E-058

ASK ABOUT THIS PROPERTY

Sarah RickertColdwell Banker Residential BrokerageMore Info
513-801-5120

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Sarah RickertColdwell Banker Residential BrokerageMore Info
513-801-5120

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.