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414 Central Ave 1 Unit Apartment Building $299,000 ($299,000/Unit) Cincinnati, OH 45202

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Investment Highlights

Close Proximity to Newly Renovated Convention Center
Value Add Opportunity
Located in Downtown Cincinnati's Central Business District

Flexible Use with DD Zoning: Multifamily, Retail, Etc.
Three-Story Property with Central Avenue Frontage

Executive Summary

3CRE is pleased to present 414 Central Ave, a blank canvas in the heart of Downtown Cincinnati, offering strong potential for multifamily or mixed-use redevelopment with creative retail possibilities. Ideal for an experienced buyer with a proven track record in historic renovation and urban redevelopment. Approved architectural plans are available to leverage and building is zoned for uses for Downtown Development District zoning. Property needs a full transformation, suited to your vision
Located just steps from the newly renovated First Financial Convention Center and its $264M transformation, this site is positioned for both long-term and short-term rental strategies. With close proximity to Paycor Stadium, there’s opportunity to capture game-day traffic with concepts like late-night walk-up window or ghost kitchen, complementing existing retail on 4th Street.

414 Central Ave, Cincinnati, OH 45202 (2)

Downtown Development (DD) Zoning Uses

Property Facts

Price	$299,000	Building Class	C
Price Per Unit	$299,000	Lot Size	0.03 AC
Sale Type	Investment	Building Size	3,696 SF
Sale Conditions	Redevelopment Project Building in Shell Condition	No. Stories	3
No. Units	1	Year Built	1875
Property Type	Multifamily	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Subtype	Apartment
Zoning	DD - RESIDENCE USES PERMITTED ABOVE, MULTIPLE DWELLINGS, INSTITUTIONS, ETC.

Price	$299,000
Price Per Unit	$299,000
Sale Type	Investment
Sale Conditions	Redevelopment Project Building in Shell Condition
No. Units	1
Property Type	Multifamily
Property Subtype	Apartment
Building Class	C
Lot Size	0.03 AC
Building Size	3,696 SF
No. Stories	3
Year Built	1875
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	DD - RESIDENCE USES PERMITTED ABOVE, MULTIPLE DWELLINGS, INSTITUTIONS, ETC.