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    2651 Observatory Ave Cincinnati, OH 45208

    Sponsored
    For Lease
    Contact for pricing

    Prime Hyde Park location, 14,373 sq ft.

    Lot size:
    14,373 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    The Otto Building, a two-story, 14,373 square foot Class C commercial property, presents a unique leasing opportunity in the desirable Hyde Park submarket. Built in 1989, this multi-tenant building offers a blend of traditional office and medical office space, making it suitable for a variety of businesses. The building boasts 22 parking spaces, a significant advantage in this vibrant area. Currently, one 1,425 square foot space is available for lease. The building's strategic location at the corner of Observatory and Edwards Roads places it just one block from the bustling Hyde Park Square, providing excellent visibility and accessibility. Beneficial co-tenancy includes established businesses such as Widmer's Cleaners, Hank Yarn Boutique, and Stok Yards Bank & Trust, creating a strong and diverse commercial environment. The property is zoned CNP and has an APN of 046-0008-0081-00. This presents a compelling opportunity for businesses seeking a well-located, established space within a thriving community. The building's size and layout offer flexibility for various business needs, making it an ideal choice for companies looking to establish or expand their presence in Hyde Park.

    Property Features for 2651 Observatory Ave

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    14,373 SF
    Class
    C

    Building Details

    Year Built
    1989
    Stories
    2

    Unit(s) available at that property

    Space
    020B-Lower-Level
    Size
    1,425 SF

    HighLights

    • 14,373 square foot, two‑story Class C retail and office building.
    • Multiple tenancy with one 1,425 square foot space currently available.
    • Located in the Hyde Park submarket at the corner of Observatory and Edwards Roads.
    • Built in 1989 with 22 parking spaces.
    • Zoned CNP.
    • APN: 046‑0008‑0081‑00.
    Property Profile Location Intelligence

    Current Use by Public Records

    HUB International Financial Consultant Hank, a Yarn Boutique Yarn Store Michelle Koval Physical Therapist Healing Hands Therapeutic ... Massage Therapist Ms. Helen Magers Counselor

    Suggested Use

    Law Firm Realty agency 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
    Clermont
    State
    Ohio
    Longitude
    -84.4437347
    Latitude
    39.1373263

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    FAQs

    What type of property is this?
    Medical office - Prime Hyde Park location, 14,373 sq ft.
    Where is this medical office located?
    The property is located at 2651 Observatory Ave Cincinnati, OH.
    What are key features of this property?
    This property features: 14,373 square foot, two-story Class C retail and office building.; Multiple tenancy with one 1,425 square foot space currently available.; Located in the Hyde Park submarket at the corner of Observatory and Edwards Roads.
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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
    2651 Observatory Ave Cincinnati, OH 45208
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