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    6019 Madison Rd Cincinnati, OH 45227

    For Sale
    $450,000

    0.24-acre commercial land, prime Cincinnati location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional 0.24-acre land parcel, encompassing addresses 6019 and 6021 Madison Road in Cincinnati, Ohio (Hamilton County, zip code 45227), presents a compelling investment opportunity. The property, zoned T5MS-O, offers significant potential for development. The land includes two parcels with APNs 036.0003.0005.00 and 036.0003.0006.00. Currently featuring a 1,075 square foot brick and block structure built in 1950, the site benefits from its prime location just blocks from Cincinnati's thriving downtown business district. Its proximity to the newly developed 312-unit Madamore Apartment complex ensures high visibility and potential for strong rental income or future development. Furthermore, the property enjoys convenient access to key areas such as the Oakley District, Rookwood Commons, Pavillion, and Kenwood Towne Centre, all within a 10-minute radius. This versatile property is offered at an asking price of $450,000 and is suitable for a range of commercial and residential uses, making it an attractive proposition for discerning investors seeking a foothold in a rapidly growing Cincinnati neighborhood. The property's dual addresses provide flexibility for various development scenarios.

    Property Features for 6019 Madison Rd

    General Information

    Property type
    Land
    Lot Size
    10,454 SF

    HighLights

    • 1,075 SF brick and block building, constructed in 1950.
    • Excellent location, blocks from the thriving downtown business district.
    • Walking distance to the new 312‑unit Madamore Apartment complex.
    • 10‑minute drive to Oakley District, Rookwood Commons, and Pavilion.
    • 10‑minute drive to Kenwood Towne Centre.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.39103273
    Latitude
    39.16046274

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    FAQs

    What type of property is this?
    Land - 0.24-acre commercial land, prime Cincinnati location
    Where is this land located?
    The property is located at 6019 Madison Rd Cincinnati, OH.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: 1,075 SF brick and block building, constructed in 1950.; Excellent location, blocks from the thriving downtown business district.; Walking distance to the new 312-unit Madamore Apartment complex.
    Request Owner's contact information
    6019 Madison Rd Cincinnati, OH 45227
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    Cincinnati, OH 45227
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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
    6019 Madison Rd Cincinnati, OH 45227
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