1531 Tremont St - Manufacturing FOR SALE


Cincinnati, OH 45214- South Fairmount
$5,500,000 USD
859-866-8725
1531 Tremont St, Cincinnati, OH for Sale
$5,500,000 USD
Manufacturing - FOR SALE
1/19
null | Request Cap Rate

1531 Tremont St
Cincinnati, OH 45214
South Fairmount


HIGHLIGHTS

  • New Roof in 2022
  • Secure, fenced lot
  • Building is highly adaptable to accommodate more tenants

OVERVIEW

This is a great commercial business opportunity with easy access off Interstate 75. The building totals 108,230 square feet, of which 105,230 square feet are industrial space, and the remaining 3,000 square feet are temperature-controlled office space. The front of the building has approximately 40 feet of clearance with a 10 ton overhead crane and approximately 12,000 square feet. The back part of the building has a ceiling height of 16’6”. The building has 3 exterior docks and 1 drive-in with an exterior leveler, and a clear height of 40’. There are also 2 freight elevators rated for 15,000 lbs. There is 15,000a/3v 3 phase power for all of your electrical needs. The entire roof was replaced in 2022. -Warehouse space currently has one tenant with a 5 year contract leasing a 200’ x 100’ space with a new build out, including office space. This space could easily be recreated for any new tenants with similar office and warehouse needs. -The warehouse has two other tenants leasing space on a month-to-month basis. -The warehouse is in the process of being updated with new paint on the ceiling and pillars. -The second floor of the warehouse is approximately 45,000 square feet and could easily be leased again after the month-to-month tenant vacates. -There is a second 7.5 ton overhead crane in the 12,000 square foot front warehouse space that is currently not operational. The bridge for this crane may still be in good condition; however, it would need a new trolley. -Current rental rates for the warehouse space are just under $5 per square foot per year, with an approximate additional $1.40 per square foot per year for Common Area Maintenance fees. *Call us today to take advantage of this prime investment opportunity!*

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$51 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

UTILITIES

Lighting - Fluorescent, Gas, Water - City, Sewer - City, Heating - Gas

CLEAR CEILING HT

40 Ft

DOCKS

3

DRIVE INS

1

PARKING SPACES

50

LAND DETAILS

LAND ACRES

2.15

LAND SF

93,654

ZONING

MG: Manufacturing General

APN/PARCEL ID

170-0007-0001

ASK ABOUT THIS PROPERTY

Clint BradleyKen Perry RealtyMore Info
859-866-8725

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Clint BradleyKen Perry RealtyMore Info
859-866-8725

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