2141 Central Ave
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2141 Central Ave
3,442 SF 12% Leased Retail Building Cincinnati, OH 45214 $425,000 ($123/SF)
Investment Highlights
- Outdoor rooftop seating
- Great visibility
- Original wood staircases and door frames
Executive Summary
PRICE REDUCED! This building offers owner occupied with revenue or apartment + retail rental income. It has traditionally been a successful bar located in the fast growing West End - Brighton quarter. The TQL FC Stadium just .6 miles away. This is a fast growing pocket of town on a street ripe for development and growth. The street is listed on the Brewery Districts Master Plan as the Germania Brewery District. Things are coming this way and these type properties are getting harder to come by. The building consists of 1,720 sq ft or bar/office or retail on the first floor and a 1,700 sq ft 2 br. apartment on top. It has potential to combine the two into a bar with speakeasy restaurant on top. Outdoor rooftop seating along with outdoor patio out back an easy possibility. Many potential configurations. The first floor and upper floors have all of their character intact including original tin ceiling with original wood staircases and door frames. Character in-place for an authentic environment or an easy open gut to make your own. It could be made into unique single family residence as 2155 Central Ave was which sold for $855k.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$33,000
|
$9.59
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$33,000
|
$9.59
|
| Taxes |
$12,000
|
$3.49
|
| Operating Expenses |
$650
|
$0.19
|
| Total Expenses |
$12,650
|
$3.68
|
| Net Operating Income |
$20,350
|
$5.91
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $33,000 |
| Annual Per SF | $9.59 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $33,000 |
| Annual Per SF | $9.59 |
| Taxes | |
|---|---|
| Annual | $12,000 |
| Annual Per SF | $3.49 |
| Operating Expenses | |
|---|---|
| Annual | $650 |
| Annual Per SF | $0.19 |
| Total Expenses | |
|---|---|
| Annual | $12,650 |
| Annual Per SF | $3.68 |
| Net Operating Income | |
|---|---|
| Annual | $20,350 |
| Annual Per SF | $5.91 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,442 SF
Building Class
C
Year Built
1900
Price
$425,000
Price Per SF
$123
Percent Leased
12%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.88
Land Acres
0.09 AC
Zoning
MG - Mixed Use zoning available in neighborhood.
Frontage
25 FT on Central Parkway
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 132-0001-0143 | Total Assessment | $61,121 |
| Land Assessment | $8,169 | Annual Taxes | $12,000 ($3.49/SF) |
| Improvements Assessment | $52,952 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
132-0001-0143
Land Assessment
$8,169
Improvements Assessment
$52,952
Total Assessment
$61,121
Annual Taxes
$12,000 ($3.49/SF)
Tax Year
2023
-
Tim Haines - Haines Real Properties
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2141 Central Ave
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