West 4th Street Redevelopment Opportunity

West 4th Street Redevelopment Opportunity

Cincinnati, OH
Available
  • Property Type: Apartments
  • Year Built : 1876
  • Property Size: 22,680 SF / 0.45 Acres

Overview

Capstone Apartment Partners is pleased to present an exciting asset in a rapidly growing corridor of downtown Cincinnati: the West 4th Street Redevelopment Opportunity. The opportunity is at 113 West 4th Street, and the building represents 22,680± SF of space for multi-family and ground floor retail development. Zoning is already in place for the building, so obtaining entitlements should not be an issue for incoming developers. The Historic West 4th Street District landed a spot on the National Register of Historic Places in 1976, providing incoming investors with the additional opportunity to take advantage of federal and state historic tax credits. 

The asset is in the midst of ongoing redevelopment in Cincinnati’s urban core that has been going on for over a decade. Consequently, there is an abundance of walkable restaurants, bars, shops, and other entertainment options for prospective residents to enjoy. Lastly, the ramp-up of urban core supply has progressed at a much slower pace in Cincinnati than in most other Midwest cities; thereby, providing plenty of ongoing demand for these types of units, which will expedite the lease-up process. 

Investment Highlights

  • Prime Downtown Location Among New Developments and Existing Amenities
  • Located in the Center of the Historic West 4th Redevelopment Project
  • Multiple Walkable Amenity Centers (97 Walk Score)
  • 52% Real Estate Tax Abatement Approved—15 Years After Completion
  • Robust Downtown Rental Environment

Contact Information

Stash Geleszinski, CCIM Managing Director P: 513.506.2872
O: 800.746.3175 ext. 705
stash@capstone-companies.com
Sherief Gouda Senior Advisor P: 513.252.1427
O: 800.746.3175 ext. 708
sherief@capstone-companies.com
Nathan Murphy Senior Advisor P: 513.460.5941
O: 800.746.3175 ext. 707
nathan@capstone-companies.com
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