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    112 3Rd St Cincinnati, OH 45202

    Sponsored
    For Sale
    $1,350,000

    Prime location, 17,805 SF, vacant, $1.35M

    Property size:
    17,805 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property presents a unique investment opportunity in the heart of Cincinnati, Ohio. Located at 108, 112, and 116 West Third Street, this offering encompasses three parcels totaling 17,805 square feet and boasts 82 linear feet of highly desirable frontage on West Third Street. The property, built in 1885, consists of two buildings currently vacant, providing a blank canvas for a variety of development possibilities. Its strategic location at the gateway to downtown Cincinnati offers unparalleled access to major attractions, including Paycor Stadium, Great American Ball Park, and The Banks. The Banks development itself provides a vibrant mix of residential, retail, dining, entertainment, and office spaces, complemented by the scenic Smale Riverfront Park along the Ohio River. The property is zoned as part of the Downtown Development District, Subdistrict A, opening doors to a wide range of permitted uses. With an asking price of $1,350,000 and a price per square foot of $75.82, this property represents a compelling investment in a thriving urban environment. The high visibility and convenient location make this an ideal opportunity for redevelopment or repositioning to capitalize on the area's continued growth and strong demand. This is a rare chance to acquire a significant footprint in one of Cincinnati's most dynamic and sought-after locations.

    Property Features for 112 3Rd St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    17,805 SF

    Building Details

    Year Built
    1885
    Buildings
    2

    HighLights

    • 82 feet of frontage on West Third Street.
    • Downtown Development District zoning.
    • Subdistrict A designation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.5146512
    Latitude
    39.0985932

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    FAQs

    What type of property is this?
    Mixed-use property - Prime location, 17,805 SF, vacant, $1.35M
    Where is this mixed-use property located?
    The property is located at 112 3Rd St Cincinnati, OH.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: 82 feet of frontage on West Third Street.; Downtown Development District zoning.; Subdistrict A designation.
    (513) 562-2215
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    112 3Rd St Cincinnati, OH 45202
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    Cincinnati, OH 45202
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    112 3Rd St Cincinnati, OH 45202
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