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5700 Highland Ave 3,842 SF Vacant Retail Building Cincinnati, OH 45216 $119,900 ($31.21/SF)
Investment Highlights
- Mixed-use corner property combining retail and residential components for diversified income
- Two upper-level apartments have been stripped to studs, offering straightforward redevelopment potential
- $10,000 price reduction
- Ground floor retail space includes beer, wine, and lottery licenses, adding operational flexibility
- Located within Elmwood Place, adjacent to major Cincinnati roadways, providing easy access for commerce and tenants
Executive Summary
Mixed-use corner asset offering substantial value-add potential.
Ground floor consists of an operating retail space with beer, wine, and lottery licenses in place (inventory not included) and a studio residential unit. The second floor includes two 2-bedroom, 1-bath units.
The studio is in non-finished condition and requires full renovation. The second-floor units have been stripped to the studs and are ready for full redevelopment.
Full basement provides additional utility space, housing mechanical systems, storage, and infrastructure to support both commercial and residential components.
Property is being sold as-is. Ideal for an experienced investor seeking to reposition and maximize income across both commercial and residential components. Buyer to verify zoning, permitted uses, and transferability of licenses.
Ground floor consists of an operating retail space with beer, wine, and lottery licenses in place (inventory not included) and a studio residential unit. The second floor includes two 2-bedroom, 1-bath units.
The studio is in non-finished condition and requires full renovation. The second-floor units have been stripped to the studs and are ready for full redevelopment.
Full basement provides additional utility space, housing mechanical systems, storage, and infrastructure to support both commercial and residential components.
Property is being sold as-is. Ideal for an experienced investor seeking to reposition and maximize income across both commercial and residential components. Buyer to verify zoning, permitted uses, and transferability of licenses.
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,842 SF
Building Class
C
Year Built
1920
Price
$119,900
Price Per SF
$31.21
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.45
Lot Size
0.06 AC
Zoning
Commercial
Frontage
46’ on Highland Ave
Amenities
- Air Conditioning
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 661-0004-0044 | Improvements Assessment | $17,378 |
| Land Assessment | $1,589 | Total Assessment | $18,967 |
Property Taxes
Parcel Number
661-0004-0044
Land Assessment
$1,589
Improvements Assessment
$17,378
Total Assessment
$18,967
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5700 Highland Ave