707 Main StCincinnati, OH 45202

  • Retail properties
For Sale
$1,100,000 View listing

Property Details for 707 Main St

Property type
Retail properties
Property subtype
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.

707 Main St, Cincinnati, Ohio
Leaflet | © OpenStreetMap contributors

Location Insight

City
Cincinnati
County
Hamilton
State
Ohio
Latitude
39.1044
Longitude
-84.5107
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
$8,900
$55,269
$46,193
$101,462
-
$157,910
$131,980
$289,890

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