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$ 1,950,000
Est. payment /mo
Active
288 Ludlow Ave Cincinnati, OH 45220
12,538 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 12,538 sqft
Price per Sqft $155
MLS Listing ID 1888226
Year Built 1910
Lot Size 10,223 Sqft
Lot Dimensions of record
Property Sub-Type Commercial
Source Cincinnati Multiple Listing Service
Property Description
Premier mixed-use investment opportunity in the heart of Cincinnati's Clifton Gaslight District. Positioned at the signalized, high-visibility corner of Clifton and Ludlow Avenues between Skyline Chili and Dewey's Pizza, this landmark 12,538 SF asset delivers a compelling combination of stable cash flow, irreplaceable location, and value-add potential. Built in 1910, the property features a first-floor restaurant occupied by J. Gumbo's, eight well-maintained residential units (2 lofts, 3 one-bedroom, and 3 two-bedroom apartments), 21 dedicated parking spaces, an on-site laundry room, and a large basement. Strong tenant demand, long-term occupancy, and below-market apartment rents provide an opportunity to increase future income. Trophy assets in this premier urban neighborhood rarely become available, making 288 Ludlow Avenue an exceptional opportunity for investors seeking a high-quality, income-producing property with long-term appreciation potential.
Location
State OH
County Hamilton
Area Hamilton-E01
Zoning Multi Family,Business
Rooms
Basement Full
Interior
Interior Features Display Window
Heating Baseboard, Forced Air
Cooling Central Air, Window Unit
Flooring Carpet, Wood
Exterior
Exterior Feature Sidewalks, Lights
View Y/N No
Water Access Desc Public
Roof Type Membrane
Road Frontage City
Building
Faces use gps
Foundation Poured
Sewer Public Sewer
Water Public
New Construction No
Listed by Coldwell Banker Realty