707 Main St Cincinnati, OH 45202
- Turn key restaurants
Current Use by Public Records
- Turn key restaurants
Property Details for 707 Main St
- Property type
- Turn key restaurants
- APN
- 079-0001-0179-00
- APU
- 790001017900
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cincinnati
- County
- Hamilton
- State
- Ohio
- Longitude
- -84.5107
- Latitude
- 39.1044
- CBSA code
- 17140
- CBSA name
- CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA