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414 Central Ave 2,091 SF 100% Leased Retail Building Cincinnati, OH 45202 $199,900 ($95.60/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
Refreshed opportunity for something new in Downtown Cincinnati. 414 Central Ave is a value-add historic property ready for its next chapter. With approved architectural plans available and flexible Downtown Development District zoning, the building offers potential for multifamily, mixed-use, or a creative retail concept. This is a substantial renovation best suited for an experienced investor or developer who can bring the existing structure back to life. Just steps from the newly renovated First Financial Convention center and a new 700 room Marriott hotel planned just one block away. Great opportunity with Paycor Stadium and 4th Street nearby shops & cafes nearby. Bring your flashlight, contractor, and creativity and see what 414 Central could become.
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
2,091 SF
Building Class
C
Year Built
1875
Price
$199,900
Price Per SF
$95.60
Percent Leased
100%
Building Height
3 Stories
Building FAR
1.60
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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Contact the Sale Advisor
414 Central Ave