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4539 Montgomery Rd
Cincinnati, OH 45212
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Renovated Mixed-Use Asset: Four fully renovated residential units and two street-level retail spaces totaling approximately 7,700 rentable square feet
- Upgraded Building Systems: Residential units feature newer HVAC systems and updated electrical wiring, roof replaced within the past five years
- Proximity to Major Economic Drivers: Two minutes from the $100 million Factory 52 mixed-use redevelopment
- Retail Lease-Up Opportunity: Both retail spaces are currently vacant, providing flexibility for an owner-user or investor to secure new tenants
- Prime Location in Active Redevelopment Zone: Located within Norwood’s $4.6 million Montgomery Road Redevelopment Corridor
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present 4539 Montgomery, a six-unit mixed-use investment opportunity located in the heart of Norwood along the Montgomery Road corridor. The property features four recently renovated apartments and two street-level retail spaces totaling approximately 7,700 rentable square feet. Both retail spaces are currently vacant, providing flexibility for an owner-user or new tenant lease-up strategy. Significant system upgrades have been completed, including a newer roof, full renovation of all residential units, and individual utility metering, creating a clear path to stabilization and value creation.
4539 Montgomery is positioned within the City of Norwood’s $4.6 million Montgomery Road Redevelopment Corridor and just two minutes from the $100 million Factory 52 mixed-use development — both of which are catalyzing continued investment and tenant demand in the area.
4539 Montgomery is positioned within the City of Norwood’s $4.6 million Montgomery Road Redevelopment Corridor and just two minutes from the $100 million Factory 52 mixed-use development — both of which are catalyzing continued investment and tenant demand in the area.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
12,300 SF
Building Class
C
Year Built/Renovated
1906/2022
Price
$1,046,940 CAD
Price Per SF
$85.12 CAD
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.35
Lot Size
0.12 AC
Zoning
GBD - General Business District
Frontage
41’ on Montgomery Rd
AMENITIES
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 651-0026-0007 | Improvements Assessment | $159,638 CAD |
| Land Assessment | $24,605 CAD | Total Assessment | $184,243 CAD |
PROPERTY TAXES
Parcel Number
651-0026-0007
Land Assessment
$24,605 CAD
Improvements Assessment
$159,638 CAD
Total Assessment
$184,243 CAD
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