412 Central Ave, Cincinnati, OH for sale

Investment Overview

Astonish Commercial Real Estate Services is pleased to present 412 Central Avenue, an approximately 18,741 SF freestanding retail/office building offered for sale in downtown Cincinnati at an asking price of $1,365,000 ($73/SF). Originally built in 1925 and renovated in 2018, the four-story (3+Basement) brick building sits on 0.14 acres. It is zoned DD (Downtown Development), which supports a broad range of commercial uses, and was most recently occupied by Rebel Mettle Brewery and Birdcage. The property is a rare owner/user opportunity in the urban core. Its defining feature is a multi-level car/freight elevator accessible directly from the street through a roll-up door, rarely found downtown and a significant draw for automotive, showroom, event, production, and hospitality users. Updated mechanicals and recent improvements reduce near-term capital requirements. The open, creative floor plates and existing build-out offer a lower cost to occupy for users with a business model similar to the previous tenants. Delivered vacant and positioned at the doorstep of the Convention Center district, 412 Central Avenue offers a user the chance to own a distinctive downtown building as investment continues to reshape the surrounding blocks.

Investment Highlights

• ±18,741 SF Freestanding Building
• Asking Price: $1,365,000 – $73/SF
• Multi-Level Car/Freight Elevator—Street Access Via Roll-Up Door
• Former Brewery/Bar—Infrastructure in Place
• Built 1925 / Renovated 2018
• Ideal Owner/User Opportunity
• Corner of Central Ave. & Perry St.—Steps From The Convention Center
• DD (Downtown Development) Zoning—Flexible Commercial Uses
• Strong 1-Mile Demographics – $113,802 Avg. HH Income