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Property profile & analytics
FOR SALE
Turn key restaurants

707 Main St Cincinnati, OH 45202

Entity Owned 11-yr Hold Free & Clear
Property ID
US66-5336955
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
APN 079-0001-0179-00
UPID US66-5336955
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Jiang Capital Group LLC · 11 yrs held
Jiang Capital Group LLC
since 2014
5 recorded transactions
2014
$50,000
2011
$71,100
2011
$113,000
2009
$119,000
2006
$238,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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