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414 Central Ave 3,252 SF 100% Leased Retail Building Cincinnati, OH 45202 $250,000 ($76.86/SF)
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.
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.
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
3,252 SF
Building Class
C
Year Built
1875
Price
$250,000
Price Per SF
$76.86
Percent Leased
100%
Building Height
3 Stories
Building FAR
2.49
Lot Size
0.03 AC
Opportunity Zone
Yes
Zoning
DD - RESIDENCE USES PERMITTED ABOVE, MULTIPLE DWELLINGS, INSTITUTIONS, ETC.
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Campanello's Italian Restaurant
- Retailer
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Campanello's Italian Restaurant | Retailer | - | - | - |
Moderately walkable
70/100
Exceptionally drivable
100/100
Good public transit
70/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 145-0001-0029 | Improvements Assessment | $41,769 |
| Land Assessment | $22,981 | Total Assessment | $64,750 |
Property Taxes
Parcel Number
145-0001-0029
Land Assessment
$22,981
Improvements Assessment
$41,769
Total Assessment
$64,750
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414 Central Ave
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