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8201-8207 Vine St
Cincinnati, OH 45216
Retail Property For Sale


EXECUTIVE SUMMARY
This versatile 4-unit flex building in Springfield Township offers a strong value-add opportunity with a blend of office/showroom and warehouse/garage spaces ideal for contractors, trades, service businesses, artists, or small companies. Three units are currently leased, and one unit is now vacant, giving buyers immediate upside through releasing at market rates or potential owner-occupancy.
The building totals 3,794 SF, with units approx. 950–990 SF each. Every unit includes a private bathroom and individual gas, water, and electric meters, increasing efficiency and lowering operating costs. Recent improvements include a brand-new roof in 2024 ($25,000), updated wiring, a concrete driveway, and improved parking and access from both the street and rear.
With a current NOI of $37,000 (with upside once the vacant unit is leased), the property offers strong cash flow potential. The B-2 zoning allows a wide range of commercial uses, making this a flexible investment for both investors and owner-users seeking a low-maintenance, multi-tenant commercial building in a high-demand corridor.
This is an ideal opportunity for buyers looking for stable income with value-add potential, or for a business owner wanting to occupy one unit while collecting rent from the others.
The building totals 3,794 SF, with units approx. 950–990 SF each. Every unit includes a private bathroom and individual gas, water, and electric meters, increasing efficiency and lowering operating costs. Recent improvements include a brand-new roof in 2024 ($25,000), updated wiring, a concrete driveway, and improved parking and access from both the street and rear.
With a current NOI of $37,000 (with upside once the vacant unit is leased), the property offers strong cash flow potential. The B-2 zoning allows a wide range of commercial uses, making this a flexible investment for both investors and owner-users seeking a low-maintenance, multi-tenant commercial building in a high-demand corridor.
This is an ideal opportunity for buyers looking for stable income with value-add potential, or for a business owner wanting to occupy one unit while collecting rent from the others.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
4,000 SF
Building Class
C
Year Built
1924
Price
$310,124 CAD
Price Per SF
$77.53 CAD
Cap Rate
15.89%
NOI
$49,275 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.71
Lot Size
0.13 AC
Zoning
B-2
Parking
1 Spaces (0.25 Spaces per 1,000 SF Leased)
Frontage
PROPERTY TAXES
| Parcel Number | 590-0071-0352 | Improvements Assessment | $37,113 CAD |
| Land Assessment | $19,287 CAD | Total Assessment | $56,400 CAD |
PROPERTY TAXES
Parcel Number
590-0071-0352
Land Assessment
$19,287 CAD
Improvements Assessment
$37,113 CAD
Total Assessment
$56,400 CAD
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