707 Main St Cincinnati, OH 45202
For Sale
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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.
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
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.