116-118 E McMicken Ave.
- Combined contiguous assemblage—an approximately 60% complete mixed-use building (8 residential + 1 commercial) paired with an adjacent cleared 0.101-acre development-ready lot, available in a single transaction
- Stabilized proforma gross rent of $114,070 in Year 2 at 116 E McMicken.
- Both parcels benefit from a 30-year TIF abatement running through 2032, compressing tax exposure across the combined position during the hold and development period
- Designated Opportunity Zone with CC-P-T zoning across both parcels — supports multifamily, mixed-use, and commercial programs with significant long-term development flexibility
- OTR's highest walkability score in Cincinnati (94), average asking rents of ~$1,420/month, and direct proximity to I-75/I-71 — a submarket with sustained demand fundamentals and limited comparable supply
- Subject To Lender Approval
Property Description
116 & 118 E McMicken Ave., Cincinnati, OH 45202 presents a rare chance to acquire a contiguous mixed-use and development assemblage in the heart of Over-the-Rhine. Offered together, this unique opportunity combines a partially renovated historic building with a cleared adjacent infill lot, creating immediate upside and long-term flexibility in one of Cincinnati’s most dynamic urban corridors. 116 & 118 E McMicken Ave. includes 116 E McMicken, a roughly 60% complete mixed-use asset planned for 8 one-bedroom apartments and 1 ground-floor commercial storefront, plus 118 E McMicken, a 0.101-acre vacant lot ready for new development or potential parking. With CC-P-T zoning, Opportunity Zone designation, and a 30-year TIF abatement through 2032, the assemblage is positioned for multifamily, mixed-use, or commercial execution. Located in highly walkable OTR near Downtown Cincinnati, Findlay Market, and major highway access via I-75 and I-71, this offering delivers compelling redevelopment potential, tax advantages, and future income growth in a sought-after neighborhood!
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| No. of Units: | 9 |
| Year Built: | 1860 |
| Lot Size: | 0.05 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
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