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    707 Main St Cincinnati, OH 45202

    Sponsored
    For Sale
    $1,100,000

    Prime location, vacant, value-add opportunity.

    Property size:
    7,164 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property, located at 707 Main Street in the heart of Cincinnati, Ohio, presents a unique value-add investment opportunity. The three-story building, constructed in 1875, boasts a total of 7,164 square feet of net rentable space situated on a 0.07-acre lot. Currently 100% vacant, the property offers significant upside potential. The ground floor comprises a 3,060 square foot commercial space, previously used as a restaurant, ready for lease or redevelopment. The upper two floors contain five residential units: two one-bedroom apartments and two two-bedroom apartments. The building is zoned for commercial use, allowing for flexibility in future development plans. This prime location offers unparalleled access to the vibrant downtown Cincinnati area, situated directly adjacent to "The Blonde," a newly constructed luxury apartment building. With an asking price of $1,100,000 ($153.55 per square foot), this property represents a compelling investment in a rapidly growing market. The building's existing structure provides a solid foundation for a variety of creative uses, making it an ideal opportunity for an investor seeking to capitalize on the strong demand for both commercial and residential space in downtown Cincinnati. The property is owned by an entity.

    Property Features for 707 Main St

    General Information

    Property type
    Multifamily properties
    Square Feet
    7,164 SF
    Lot Size
    3,049 SF

    Building Details

    Year Built
    1875
    Buildings
    1
    Stories
    3
    Units
    5

    HighLights

    • 7,164 SF mixed‑use building on a 0.07‑acre lot in downtown Cincinnati.
    • 100% vacant, offering significant value‑add potential.
    • Ground floor: 3,060 SF former restaurant space, ideal for lease or redevelopment.
    • Upper floors: Five residential units (two 1BR, two 2BR).
    • Zoned for commercial use, allowing flexible development options.
    • Asking price: $1,100,000 ($153.55/SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store 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
    -84.510734
    Latitude
    39.104388

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    FAQs

    What type of property is this?
    Multifamily property - Prime location, vacant, value-add opportunity.
    Where is this multifamily property located?
    The property is located at 707 Main St Cincinnati, OH.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: 7,164 SF mixed-use building on a 0.07-acre lot in downtown Cincinnati.; 100% vacant, offering significant value-add potential.; Ground floor: 3,060 SF former restaurant space, ideal for lease or redevelopment.
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    707 Main 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
    707 Main St Cincinnati, OH 45202
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