2651 Observatory Ave Cincinnati, OH 45208
For Lease
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The Otto Building, a two-story, 14,373 square foot Class C commercial property, presents a unique leasing opportunity in the desirable Hyde Park submarket. Built in 1989, this multi-tenant building offers a blend of traditional office and medical office space, making it suitable for a variety of businesses. The building boasts 22 parking spaces, a significant advantage in this vibrant area. Currently, one 1,425 square foot space is available for lease. The building's strategic location at the corner of Observatory and Edwards Roads places it just one block from the bustling Hyde Park Square, providing excellent visibility and accessibility. Beneficial co-tenancy includes established businesses such as Widmer's Cleaners, Hank Yarn Boutique, and Stok Yards Bank & Trust, creating a strong and diverse commercial environment. The property is zoned CNP and has an APN of 046-0008-0081-00. This presents a compelling opportunity for businesses seeking a well-located, established space within a thriving community. The building's size and layout offer flexibility for various business needs, making it an ideal choice for companies looking to establish or expand their presence in Hyde Park.
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HUB International Financial Advisor
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Hank, a Yarn Boutique (Bike/Boat/Book/etc) Store
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Michelle Koval Physician
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Healing Hands Therapeutic Massage Alternative Medicine Practice Spa & Massage Center
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Ms. Helen Magers Counselor Practitioner Service Location
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.