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    1518 Race St Cincinnati, OH 45202

    Sponsored
    For Sale
    $699,673

    Prime OTR Vacant Lot, 4,617 SF

    Property size:
    4,617 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 4,617 square foot vacant retail property at 1518 Race Street in Cincinnati, Ohio presents a unique investment opportunity. Located in the highly desirable Over-the-Rhine (OTR) neighborhood, this property sits on a sizable 0.106-acre lot (50' x 90'), one of the last remaining large vacant parcels in the area south of Liberty Street. Its strategic location offers unparalleled access to the city's vibrant streetcar route, placing it just 1.5 blocks from Washington Park and 2.5 blocks from Findlay Market, ensuring high visibility and foot traffic. The building is a four-story structure, currently vacant, providing a blank canvas for redevelopment. The CC-P zoning designation allows for versatile development options, including residential, commercial, or mixed-use projects up to four stories in height. This presents a rare chance to capitalize on the continued growth and revitalization of OTR, creating a significant return on investment. The asking price is $699,673. This property is ideal for developers seeking a prime location in a thriving urban setting. Don't miss this chance to secure a piece of Cincinnati's most sought-after real estate.

    Property Features for 1518 Race St

    General Information

    Property type
    Retail properties
    Square Feet
    4,617 SF
    Lot Size
    4,617 SF

    Building Details

    Stories
    4
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Clothing Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.517143
    Latitude
    39.112188

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    FAQs

    What type of property is this?
    Retail property - Prime OTR Vacant Lot, 4,617 SF
    Where is this retail property located?
    The property is located at 1518 Race St Cincinnati, OH.
    What is the asking price?
    The asking price for this property is $699,673.
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    1518 Race 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
    1518 Race St Cincinnati, OH 45202
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