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33997211

280-318 Northland Blvd, Springdale, OH 45240

RG
MI 6501453450
DS
$5,258,114
1 day on market
Updated 1 day ago

Olde Gate Plaza - Cincinnati MSA

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 33,350
Cap Rate 9.00%
NOI $473,230
Occupancy 100%
Tenancy Multi
Lease Type NNN
Price per SqFt $158
Class C
Year Built 1989
Buildings 1
Acreage 3.480
Investment Type Stabilized
Ground Lease No

Retail | 9.00% CAP | 33,350 SqFt

Marketing description

Olde Gate Plaza is a 33,350 SF neighborhood retail center strategically located on 3.48 acres in the heart of Springdale, Ohio, within the Cincinnati MSA. The property is 100% occupied by a diverse mix of local and regional tenants, many of which cater to the area’s strong Hispanic and multicultural consumer base, creating a vibrant community shopping destination with long-term tenant stability.

Positioned along Northland Boulevard with nearly 20,000 vehicles passing the site daily, the center benefits from excellent visibility, strong accessibility, and dense surrounding demographics. More than 54,000 residents and 71,000 daytime employees are located within a 3-mile radius, while average household incomes exceed $86,000 within 5 miles.

The property has experienced significant recent capital improvements, including the replacement of a majority of the parking lot and concrete in November 2024, minimizing near-term maintenance obligations for a new owner. Olde Gate Plaza offers investors stable in-place cash flow with additional upside through future rent growth and continued demand from neighborhood-serving retail tenants.

Located approximately 35 minutes from Cincinnati/Northern Kentucky International Airport and within one of the nation’s top metropolitan areas, Olde Gate Plaza presents an opportunity to acquire a stabilized community retail asset in a densely populated and continually growing trade area.

Investment highlights

  • Freestanding Retail Center Located in Springdale, OH - 33,350 SF Building on 3.48 Acres
  • Dense Demographics - 54,000+ People Reside within 3 Mile Radius of Site - 160,000+ People Reside within 5 Mile Radius of Site
  • Cincinnati, OH MSA - TOP 35 - Ranked (MSA #30) in the U.S.A.
  • Majority of Parking Lot & Concrete Replaced in November 2024
  • Affluent Area - Average Household Income Exceeds $86,000 Annually within 5 Mile Radius of Site
  • 35 Minute Drive to Cincinnati/Northern Kentucky International Airport (±31 Mile Distance)
  • Daytime Employees Exceed 71,000+ People within 3 Mile Radius of Site
  • Traffic Counts - Nearly 20,000 Vehicles Pass Site Daily on Northland Blvd

Listing Contacts

RG
MI 6501453450
DS

Valuation Calculator

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$473,230.32
$39,435.86/mo

Valuation Metrics

0
DSCR
9%
Cap Rate
9%
ROI

Map

Zoning

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R-2 ResidentialSingle FamilyOne Family Residence District
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Last updated Apr 15, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Scott Reid
License
BRKP.2020001224
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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