259 East McMillan Street

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259 East McMillan Street

cincinnati, OH 45219
Asking Price
$3.00M
Asset Type
Retail
Class
Class B

What's Special

Located at 259 East McMillan Street, this retail property is situated within the Mount Auburn neighborhood of Cincinnati. The asset sits along a primary east-west corridor, providing direct access to the dense residential districts of Walnut Hills and Corryville. The location is approximately one mile from the University of Cincinnati and the city’s major medical district, which includes UC Health and Cincinnati Children’s Hospital. The area is served by several Metro bus routes and is less than a half-mile from the Interstate 71 interchange, ensuring high visibility and regional connectivity. The property is suited for retail operators seeking proximity to a diverse demographic of students, healthcare professionals, and urban residents. Ideal use cases include neighborhood-scale services, specialty grocers, or quick-service food and beverage establishments. The typical tenant profile includes local or regional businesses that benefit from high morning and evening commuter traffic. Given its position near major institutional employers, the site also supports service-oriented businesses, such as dry cleaners or fitness studios, designed to serve the daily needs of the surrounding workforce and residential population.

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NOI
$80,000
Cap Rate
2.67%
DSCR
0.45
Underwater
Cash-on-Cash
-10.90%
Monthly Payment
$14,842.363
Annual Cash Flow
$-98,108.358

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