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2520 Park - Park Avenue Square Development Opportunity

1.43 Acres of Commercial Land in Cincinnati, OH 45206

Investment Highlights

  • Flexible Ownership with JV Opportunities
  • Development Activity Struggles to Meet Rental Demand
  • Convenient Commute to I-71 & SR-22
  • Squarely in the Path of Progress
  • Excellent Access to Historic East Cincinnati Neighborhoods
  • Land Sale Possible

Executive Summary

Capstone Equity & Structured Finance is pleased to present an equity financing opportunity to support the development of Park Avenue Square in the Walnut Hills Neighborhood of Cincinnati, Ohio on behalf of Campus Management and Gibraltar-Tempo (Developer). With more than 3.5 acres assembled, investors have the opportunity to control a significant share of prime real estate in the Walnut Hills housing market. There is potential for a 3-phase joint-venture, urban infill mixed-use multi-family opportunity. Phase 1 is envisioned as a 205 unit, 4-story over podium mid-rise on 1.43 acres. Phase 2 is planned for the 0.93 acres immediately north of Phase 1, and Phase 3 will be located across the street on another 1.23 acres. The site location is ideal, offering convenient access to nearby employment, retail, and entertainment. Situated just minutes from I-71 and regional connector roadways, residents will enjoy a short commute to the region’s two largest employment centers—Uptown Cincinnati (University/Hospital District) and Cincinnati’s Central Business District. Additionally, the site is nearby premier neighborhoods such as Over the Rhine (OTR), East Walnut Hills, Hyde Park, Mt. Lookout, Oakley, and Clifton, which offer a wide variety of desirable quality of life amenities.

Property Facts Under Contract

Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Multifamily
  • Apartment Units
Total Lot Size 1.43 AC

1 Lot Available

Lot

Lot Size 1.43 AC
Walk Score ®
Very Walkable (83)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
066-0001-0146
Land Assessment
$106,677
Improvements Assessment
$1,526
Total Assessment
$108,203

zoning

Zoning Code R3
R3
  • Listing ID: 27424167

  • Date on Market: 1/3/2023

  • Last Updated:

  • Address: 2520 Park, Cincinnati, OH 45206

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