Property profile

607 Carthage Ave Cincinnati, OH 45215

OFF-MARKET
Commercial real estate
Property ID
US66-2129797
14,908 SF 1.26 ac lot Built 1934
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 38,000-square-foot retail property at 607 Carthage Avenue in Cincinnati, Ohio presents a unique investment opportunity. Situated on a 1.288-acre lot, this two-story building boasts a rich history, having served as a school until 2015. The well-maintained structure, built in 1934, features a striking brick façade and a poured concrete foundation with a bar joist/concrete addition. Currently vacant, the property offers immense potential for repurposing or expansion. The zoning allows for a flex/warehouse addition of up to 23,000 square feet, significantly increasing the usable space. The property's location in an Opportunity Zone and its eligibility for Historic Tax Credits provide additional financial incentives. The site itself is highly advantageous, featuring a flat, well-drained topography, not located in a flood plain, and ample room for parking. A paper street to the north is cleared, and potential secondary access via Maple Street exists. This is a truly remarkable opportunity to create a significant commercial presence in a desirable Cincinnati location. The property is located in Hamilton County, Ohio, with a zip code of 45215. The building's single-tenant occupancy allows for complete control and customization.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1934
Total area 14,908 SF
Lot 1.26 ac (54,842 SF)
APN 601-0002-0003-90
UPID US66-2129797

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

607 Carthage Ave Cincinnati, OH 45215-5464
Cincinnati metro Census 27400 CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$395k

Owner & transaction history

since 2025
Last sale
$149,000
3 recorded transactions
2026
Price N/A
2025
Price N/A
2025
$149,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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