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2245 Gilbert Ave
Cincinnati, OH 45206
Cable House · Office Property For Sale
Investment Highlights
- Iconic, Differentiated Office Asset
- Compelling Value-Add Opportunity
- Stable Cash Flow Anchored by Credit Tenancy
Executive Summary
The Cable House presents a rare opportunity to acquire a character-rich, value-add office asset in Cincinnati’s rapidly revitalizing Walnut Hills neighborhood. This 55,459 RSF historic building blends irreplaceable architectural charm with modern upgrades and is 73% leased to a diverse, mission-critical tenant base anchored by Graeter’s Ice Cream’s corporate headquarters.
Investors benefit from stable in-place income with significant upside through the lease-up of remaining vacancy and mark-to-market rent growth. Positioned along the highly visible Gilbert Avenue corridor with excellent access to Downtown, the University of Cincinnati, and major employment centers, The Cable House offers a compelling combination of cash flow, flexibility, and long-term appreciation potential.
Investors benefit from stable in-place income with significant upside through the lease-up of remaining vacancy and mark-to-market rent growth. Positioned along the highly visible Gilbert Avenue corridor with excellent access to Downtown, the University of Cincinnati, and major employment centers, The Cable House offers a compelling combination of cash flow, flexibility, and long-term appreciation potential.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
554,589 SF
Building Class
B
Year Built/Renovated
1930/2018
Percent Leased
73%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
138,647 SF
Slab To Slab
10’
Building FAR
6.12
Lot Size
2.08 AC
Zoning
M-2, Cincinnati
Parking
112 Spaces (0.2 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
Property Taxes
| Parcel Number | 069-0001-0450 | Improvements Assessment | $520,314 |
| Land Assessment | $76,997 | Total Assessment | $597,311 |
Property Taxes
Parcel Number
069-0001-0450
Land Assessment
$76,997
Improvements Assessment
$520,314
Total Assessment
$597,311
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