2007 Worth AveCincinnati, OH 45212

Property Details for 2007 Worth Ave

Year built

1926

Lot size

0.04 AC

Property size (Sq ft)

1,485 SF

Property type

Retail space

APN

651-0005-0042-00

APU

6510005004200

Description

This 1,485-square-foot vacant storefront presents a compelling redevelopment opportunity in Cincinnati's historic Norwood neighborhood. Located at 2007 Worth Ave, 45212, this single-story, 1926-built building (APN 651-0005-0042-00) sits on a slab and features a new rubber roof (2024) and a new electrical panel (2024). The property is zoned GBD-General Business/Retail, offering flexibility for various business types, with potential for rezoning or conditional uses subject to City of Norwood approval. Currently, the building is partially demolished, with some new wood framing in place. It includes three separate entries and one existing restroom, with rough-in for a second. HVAC is not currently installed. The property offers convenient on-street parking and excellent walkability, near the 562 Norwood Lateral. Priced at $108,000, this "as-is" offering presents a unique chance for investors or owner-occupants to customize and create their ideal space. Note that electrical wiring and fixtures are incomplete. The building is constructed of CMU with brick/mason veneer. Occupancy is vacant, with an anticipated occupancy date of November 15, 2024.

• CAP approach

  CAP return

  Valuation

  6%

  $254,538

  6.5%

  $234,958

  7%

  $218,176

• Comparable approach

  Method

  Valuation

  Relative Method

  $464,744

  Geo Method

  $464,744

• Alternative Use

  Use

  Valuation

  Residential

  $198,196

  Hospitality

  $181,547

  Educational

  $151,045

  Medical

  $156,239

  Retail

  $234,958

Location Insight

City

Cincinnati

County

Hamilton

State

Ohio

Latitude

39.1737

Longitude

-84.4587

CBSA code

17140

CBSA name

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

Property Tax & Assessments

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