2366 Kipling AveCincinnati, OH 45239

  • Other commercial real estate
  • 19.86 AC
For Sale
$2,400,000 View listing

Property Details for 2366 Kipling Ave

Lot size
19.86 AC
Property type
Other commercial real estate
APN
228-0001-0282-00
APU
2280001028200

Description

This exceptional 19-acre property, known as Pinecroft – The Powell Crosley Estate, presents a unique investment opportunity in Cincinnati, Ohio. Currently operating as a successful event center, this special purpose property boasts 11,696 square feet of net rentable space spread across three, two-story buildings. Built in 1920, the property offers a rich history and stunning architectural details, perfectly suited for continued use as an event venue or potential redevelopment. The asking price is $2,400,000, translating to $205.20 per square foot. The current lease expires October 31, 2025, leaving approximately 0.9 years remaining. The property is located at 2366 Kipling Ave, Cincinnati, OH 45239, in Hamilton County, and features a spacious 19-acre lot. The property's APN is 228-0001-0282-00. The occupancy date for a new tenant or owner is November 1, 2025. This remarkable estate offers significant potential for a discerning investor seeking a high-profile, established event space or a blank canvas for a new venture. The property's scale and history make it a truly unique offering in the Cincinnati market.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $117,187,656
    Hospitality
    $107,343,264
    Educational
    $89,308,336
    Medical
    $92,379,784
    Retail
    $138,924,080
2366 Kipling Ave, Cincinnati, Ohio

Location Insight

City
Cincinnati
County
Hamilton
State
Ohio
Latitude
39.2028
Longitude
-84.5695
CBSA code
17140
CBSA name
CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$48,671
$517,388
$70,105
$587,493
-
$1,478,250
$200,300
$1,678,550

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