550 12th St, Hamilton, OH 45011, Hamilton, OH 45011
sale
$1,795,000
|
Other
Courtesy Of Coldwell Banker Heritage
Coldwell Banker Commercial is pleased to present 550 S Twelfth Street, a +/-140,000 SF institutional campus on +/-5.43 acres in Hamilton, Ohio. The three-story brick building offers a rare combination of assembly, athletic, residential, and office space under one roof. Features include an auditorium, two full-size gymnasiums, a commercial kitchen, seven private offices, three large conference rooms, a full basement, and an elevator serving all levels. The second floor includes a residential wing with five dorm rooms and two bathrooms with six showers. Ownership has invested more than $300,000 in capital improvements since 2019, including a new boiler system, new rooftop HVAC units, and updated and repaired roof sections. The major mechanical systems a buyer would worry about on a building of this size have already been addressed. The property is zoned OPD (Office Planned Development). The existing second-floor residential housing program is permitted as a legal nonconforming use and may continue under a new operator if it resumes within six months; expanding beyond the current space requires city planned development approval. The building is on Hamilton's local historic inventory, so exterior changes go through the city's historic review. Commercial kitchen equipment and select sanctuary audio equipment are negotiable. The property sits just off Erie Blvd (SR-4), Hamilton's primary north-south corridor, with a private surface parking lot and access to the greater Cincinnati-Dayton region. The campus is well suited for a church or ministry, a charter or private school, a residential housing program, a community or athletic organization, or an event and training venue. Its historic character and solid masonry construction also make it a candidate for redevelopment, subject to the city's planned development and historic review. ******Existing residential housing program is a legal nonconforming use (Sec. 4300); a new operator must start within 6 months if the program stops; no expansion beyond current space without city planned development approval. Offered at $1,795,000 ($12.82/SF). Contact Pat Williams or to schedule a tour.
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Property Features
- Age: Over 50 Years Old
- Architecture Style: Other
- MLSID: RCD4Y3
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