631 Main StCincinnati, OH 45202

Property Details for 631 Main St

Year built

1875

Lot size

0.04 AC

Property size (Sq ft)

6,000 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

078-0001-0096-00

APU

780001009600

Description

This exceptional creative office space, located at 631 Main Street in Cincinnati, Ohio, presents a unique investment opportunity. The property, a four-story building constructed in 1875 and extensively renovated in 2005, boasts a total of 6,000 square feet, with 3,000 square feet of net rentable space. Currently vacant, this Class B building offers immediate occupancy. The asking price is $430,000, translating to $71.67 per square foot. Situated on a 0.044-acre lot (APN 078-0001-0096-00), the property is zoned DD and benefits from a highly visible Main Street location. The building features a private elevator providing access to the first and second floors, each offering 1,500 square feet of adaptable space. Tenants are responsible for their own utilities. The property enjoys 24/7 access and convenient proximity to surrounding retail amenities. This locally owned and managed building offers potential for expansion and represents a strong investment in a thriving Cincinnati neighborhood. The property is currently vacant and ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $516,356

  6.5%

  $476,637

  7%

  $442,591

• Comparable approach

  Method

  Valuation

  Relative Method

  $745,140

  Geo Method

  $745,140

• Alternative Use

  Use

  Valuation

  Residential

  $591,030

  Hospitality

  $541,380

  Educational

  $450,422

  Medical

  $465,912

  Retail

  $700,656

Location Insight

City

Cincinnati

County

Hamilton

State

Ohio

Latitude

39.1037

Longitude

-84.5106

CBSA code

17140

CBSA name

CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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