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    601 Race St Cincinnati, OH 45202

    Sponsored
    For Lease
    $25 SF/Yr

    18,522 SF Former Walgreens Available

    Lot size:
    18,522 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail property, a former Walgreens location, offers a significant opportunity in the vibrant Cincinnati market. Situated at 601 Race Street in Hamilton County, Ohio, the building boasts a total of 18,522 square feet, currently entirely vacant and ready for immediate occupancy. The space is highly adaptable and can be leased as a single unit or divided to accommodate multiple tenants. Flexible lease terms are available to suit various business needs. The minimum divisible space is 6,582 square feet, while the maximum contiguous space available is 11,940 square feet, providing options for businesses of varying sizes. This prime location in the 45202 zip code offers excellent visibility and accessibility, making it an ideal space for a wide range of retail uses. The property's substantial size and prominent street frontage present a unique opportunity to establish a strong presence in a bustling Cincinnati neighborhood. With its convenient location and ample square footage, this former Walgreens is poised to become a thriving retail destination. Interested parties are encouraged to inquire about lease terms and explore the possibilities this exceptional property offers. The property is classified as retail and is suitable for multiple tenants. The address is easily accessible and visible from a major thoroughfare.

    Property Features for 601 Race St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    18,522 SF
    Total Rate
    38587.5

    Unit(s) available at that property

    Space
    First Floor
    Size
    11,940 SF
    Rate per SF
    $25
    Space
    Basement Floor
    Size
    6,582 SF
    Rate per SF
    $25

    HighLights

    • Former Walgreens Pharmacy, 18,522 SF, ready for immediate occupancy.
    • Hard corner, signalized intersection with excellent visibility.
    • Located in Cincinnati's Fountain District.
    • Near $2B in redevelopment, including 2,600 new apartments, 1,200 new hotel rooms, and the $200M Duke Energy Convention Center redevelopment.
    • Walking distance to Duke Energy Convention Center, Paycor Stadium, Great American Ballpark, TQL Stadium, Fountain Square, and The Banks, plus six Fortune 500 headquarters.
    Property Profile Location Intelligence

    Current Use by Public Records

    Walgreens Photo Passport Photo Processor Cardtronics ATM Atm LibertyX Bitcoin ATM Atm Western Union Money Transfer Service Coinhub Bitcoin ATM ... Atm

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.5150821
    Latitude
    39.1023879

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    FAQs

    What type of property is this?
    Retail property - 18,522 SF Former Walgreens Available
    Where is this retail property located?
    The property is located at 601 Race St Cincinnati, OH.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: Former Walgreens Pharmacy, 18,522 SF, ready for immediate occupancy.; Hard corner, signalized intersection with excellent visibility.; Located in Cincinnati's Fountain District.
    Request Owner's contact information
    601 Race St 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
    601 Race St Cincinnati, OH 45202
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