112 3Rd StCincinnati, OH 45202

Property Details for 112 3Rd St

Year built

1885

Lot size

0.07 AC

Property size (Sq ft)

5,805 SF

Property type

Office properties

Property subtype

Office buildings

APN

145-0001-0289-00

APU

1450001028900

Description

This exceptional mixed-use property presents a unique investment opportunity in the heart of Cincinnati, Ohio. Located at 108, 112, and 116 West Third Street, this offering encompasses three parcels totaling 17,805 square feet and boasts 82 linear feet of highly desirable frontage on West Third Street. The property, built in 1885, consists of two buildings currently vacant, providing a blank canvas for a variety of development possibilities. Its strategic location at the gateway to downtown Cincinnati offers unparalleled access to major attractions, including Paycor Stadium, Great American Ball Park, and The Banks. The Banks development itself provides a vibrant mix of residential, retail, dining, entertainment, and office spaces, complemented by the scenic Smale Riverfront Park along the Ohio River. The property is zoned as part of the Downtown Development District, Subdistrict A, opening doors to a wide range of permitted uses. With an asking price of $1,350,000 and a price per square foot of $75.82, this property represents a compelling investment in a thriving urban environment. The high visibility and convenient location make this an ideal opportunity for redevelopment or repositioning to capitalize on the area's continued growth and strong demand. This is a rare chance to acquire a significant footprint in one of Cincinnati's most dynamic and sought-after locations.

• CAP approach

  CAP return

  Valuation

  6%

  $499,575

  6.5%

  $461,146

  7%

  $428,207

• Comparable approach

  Method

  Valuation

  Relative Method

  $720,923

  Geo Method

  $720,923

• Alternative Use

  Use

  Valuation

  Residential

  $571,821

  Hospitality

  $523,785

  Educational

  $435,783

  Medical

  $450,770

  Retail

  $677,885

Location Insight

City

Cincinnati

County

Hamilton

State

Ohio

Latitude

39.0986

Longitude

-84.5147

CBSA code

17140

CBSA name

CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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