Cincinnati Office

The Cushman & Wakefield Ohio Multifamily Advisory Group is pleased to present the exclusive listing of the Mill Road Development Site, a ~70-acre land site located in Cincinnati, Ohio. This prime piece of real estate offers a unique opportunity for new owners to capitalize on and expand into the Cincinnati market. Located within a Qualified Census Tract (QCT), new owners can take advantage of various tax credits designed to stimulate development and revitalization in underserved areas. These tax credits can significantly reduce development costs, making Mill Road Development an even more attractive investment proposition. The property also benefits from a comprehensive development plan commissioned by the current ownership. This plan outlines a vision for the site, including a mix of assisted living and senior townhomes. This pre-existing strategy eliminates the substantial time and cost often associated with initial planning and zoning approvals, allowing new owners to accelerate the development timeline and potentially expedite their return on investment. The Mill Road Development Site presents an exceptional opportunity for new owners seeking to capitalize on the advantages of the site being located in a QCT while benefiting from a well-planned and strategically located development site.

In addition to the aforementioned development space, the site also features a 73-unit low income senior apartment building marketed simultaneously but available independently. This property, known as Mill Road Senior Community, consists of one- and twobedroom units with a history of stable occupancy and presents a compelling valueadd opportunity. Mill Road Senior Community benefits from a convenient location near essential amenities, including healthcare facilities, shopping centers, and public transportation, ensuring residents have easy access to daily necessities and services. New owners purchasing both properties are able to access immediate cash flow opportunities while pursuing the development of the remaining acreage.

Located in a Qualified Census Tract (QCT)

Conceptual Site Plans Completed

Opportunity to Re-Syndicate Tax Credits on Low-Income Housing (Senior Community)

The Cushman & Wakefield Ohio Multifamily Advisory Group is pleased to present the exclusive listing of the 224 West Liberty Street property, a prime redevelopment opportunity located in the heart of Cincinnati’s vibrant Over-the-Rhine (OTR) neighborhood. This offering presents a unique chance to acquire a strategically positioned asset in one of the city’s most sought-after districts, renowned for its historic charm, thriving arts and entertainment scene, and strong sense of community. The property benefits from its exceptional walkability to a diverse array of retail, dining, and cultural attractions, including Findlay Market, Washington Park, and Music Hall. With an existing structure ripe for adaptive reuse, 224 West Liberty Street offers multiple redevelopment options for investors seeking to capitalize on the strong demand for residential and commercial space in this dynamic and growing neighborhood. This is an ideal opportunity for those looking to create a landmark project that contributes to the ongoing revitalization of OTR while benefiting from its strong economic fundamentals and unique urban character.

1. EXCELLENT BUILDING FUNDAMENTALS
The building features sleek and timeless glass lines bringing excellent natural light into the space with incredible 360 views of Downtown Cincinnati, including views of the Ohio River, Paycor Stadium, and The Banks. The open floor plans are ideal for a traditional office user or adaptive reuse, providing a multitude of options for configuration of the space.

2. UPSIDE PARKING POTENTIAL
The 266-space parking garage on the first four levels of the building providing users convenient, onsite parking and an opportunity to enhance cash-flow potential through public-facing parking options for transient visitors.

3. CREDITS, INCENTIVES, AND ABATEMENTS
The owner of 312 Plum Street can apply for a variety of incentive programs, including but not limited to state and federal tax incentives, sales tax exemptions for construction materials, and real estate tax abatements on the improved value.

4. SOUTHWEST CBD MOMENTUM
With multiple conversions and recently completed new construction, the southwest quadrant continues to evolve into a vibrant residential and hospitality corridor within Downtown Cincinnati. 312 Plum Street’s proximity to The Banks, a preeminent mixed-use development along the Ohio River, and Fountain Square, the social heart of Downtown, positions it well for either a residential or hospitality adaptive reuse.

5. WALKABLE AND TRANSIT-ORIENTED LOCATION Cincinnati is one of the most walkable downtown areas in the country with a walkability index of 18.6 out of 20 and a walk-score of 95%. Holding true to this high index, 312 Plum Street is within a 10-minute walk of numerous amenities and points of interest.

6. STRONG MARKET FUNDAMENTALS FOR NEW MULTI-FAMILY CONSTRUCTION New Class-A multi-family product in the downtown Cincinnati market has recently outperformed the rest of the Cincinnati MSA. Pairing an average of 97% occupancy with an impressive $2.26/sf, these fundamentals present an exciting opportunity to redevelop 312 Plum Street into market-rate apartments.

The Cushman & Wakefield Ohio Multifamily Advisory Group is proud to offer the opportunity to acquire 318 W 3rd Street. This 34,000 SF property is a prime redevelopment candidate to take advantage of the ongoing momentum in Downtown Cincinnati. By pursuing an adaptive re-use plan, including the ability to convert a portion of the building into multi-family or hospitality, the opportunity affords an investor the ability to reposition the property to its highest and best use.

INVESTMENT HIGHLIGHTS

Prime Downtown Location Near Numerous Amenities

Multiple Walkable Amenity Centers (78 Walk Score)

Tax Credit Opportunities

Current High-Level Plans for a Boutique Hotel

Developable Rooftop Area

151-ACRES FOR DEVELOPMENT
Mixed-use land development opportunity surrounded by retail and industrial properties

INTERSTATE VISIBILITY
Prominent visibility on three highways with average of 175,000 ADT

PROXIMITY TO CVG AIRPORT
One exit from Cincinnati/Northern Kentucky International Airport (CVG), the 7th largest cargo Airport in North America

CVG AIRPORT CARGO HUBS
CVG Airport had the largest cargo volume amongst top 20 airports in 2023

THE CENTER OF DISTRIBUTION
Adjacent to Amazon Air’s Global US Hub, DHL Express Global Superhub for the Americas, Amazon distribution facilities, UPS World Port, and several FedEx Ground Hubs

The Cushman & Wakefield Ohio Multifamily Advisory Group is pleased to present the exclusive listing of the Compton Road Land Site. This 22-acre site boasts a strategic location surrounded by a variety of amenities, high-income areas, and key transportation routes; all in addition to being in a Qualified Census Tract. These nearby amenities provide a diverse range of shopping centers, grocery stores, entertainment options, and restaurants, all within minutes of the site. Furthermore, the site benefits from strong demographics, with an average household income exceeding $75,000 within a 2-mile radius, indicating a desirable consumer base with significant spending power. Its QCT designation offers potential investors access to valuable tax benefits and incentives, further amplifying its attractiveness.

Enhancing its appeal, the Compton Road Land Site enjoys unparalleled accessibility. Its strategic location near the Ronald Reagan Highway and Interstates 71 and 75 provides seamless connectivity to the greater Cincinnati area. The combination of a thriving retail environment, affluent demographics, superior transportation links, and QCT designation positions the Compton Road Land Site as a highly attractive investment for those seeking to capitalize on Cincinnati’s dynamic market.

THIS OPPORTUNITY IS BEING OFFERED VIA AN AUCTION PROCESS THROUGH TEN-X
AUCTION DATES: MAY 1 - MAY 3

To access the full OM and sign the CA through Ten-X, you will need to follow the link here

1. CREDITS, INCENTIVES AND ABATEMENTS
The owner of Fourth & Walnut Centre can apply for a variety of incentive programs, including but not limited to state and federal tax incentives, sales tax exemptions for construction materials, and real estate tax abatements on the improved value. A summary of some of these programs and the property’s status is on page 8.

2. FOURTH STREET MOMENTUM
With multiple conversions and recently completed new construction, Fourth Street continues to evolve into a vibrant residential and hospitality corridor within Downtown Cincinnati. Fourth & Walnut Centre’s proximity to The Banks, a preeminent mixed-use development along the Ohio River, and Fountain Square, the social heart of Downtown, positions it well for either a residential or hospitality adaptive reuse.

3. WALKABLE AND TRANSIT-ORIENTED LOCATION
Fourth & Walnut Centre is located within a half-block of the Fountain Square Station for The Connector, a 3.6-mile streetcar line operating throughout the city’s urban core and connecting The Banks with Over-the-Rhine. Cincinnati is also one of the most walkable downtown areas in the country with a walkability index of 18.6 out of 20 and a walk-score of 95%.

4. DOMINANT OHIO MSA
At more than 2.2 million residents, the Greater Cincinnati MSA, comprised of 16 counties in three states, is the largest within the State of Ohio and the 30th largest in the United States. 7 Fortune 500 companies are headquartered in the Greater Cincinnati MSA including 5 located in the CBD.

5. OVER 11,000 CINCINNATIANS CALL DOWNTOWN HOME Downtown Cincinnati supports a richly compact community with abundant amenities. With increased demand to live in the area and new housing options under construction or planned, this number is expected to grow for the foreseeable future. Downtown's population balloons several times over during and after work hours. When work is over, the entertainment corridors light up with residents and visitors alike.

To access the full OM and sign the CA through Ten-X, you will need to follow the link here

1. FULLY ENTITLED DELIVERED SITE
This 10+/- land site is zoned for up to 266 residential units and up to a 4-story product. The site offers a developer the opportunity design & develop a variety of potential products including market rate apartments, townhomes, single family rentals or a for sale product. Along with the existing 84-unit senior living and memory care facility and senior villas, Vision Development & Elmington Capital are under construction with 839 apartment units which include Class A+ market rate, workforce and 55+ age restricted units.

2. LOCATED IN DYNAMIC GROWING COMMUNITY
Union Township is a thriving community just on the outskirts of Cincinnati and is the 9th largest township in the State of OH. Located just minutes from I–275 the development site is nestled between abundant retail amenities and tree lined rapidly growing residential communities

3. PROXIMITY TO LARGE EMPLOYERS
Being known as a well-managed local municipality, Union Township is known as a business-friendly community. Union Township has emerged as a major employment center on the east side of Cincinnati. Home to Total Quality Logistics, the 2nd largest freight brokerage company in the US who is currently expanding their Headquarters which will create 600 new jobs. Nearby employers also include American Modern Insurance and Tata Consultancy Services who each have over 1,000 employees.

4. EASY ACCESS TO RETAIL, ENTERTAINMENT & COMMERCE
Union Commons Development location will not only provide residents access just minutes away to local retail, restaurant and entertainment amenities but also easy access to Downtown Cincinnati & Greater Cincinnati/N KY International Airport.

5. ESTABLISHED + IMPROVING AREA DEMOGRAPHICS – TRAFFIC COUNTS
2 new traffic circle will highlight the entrance to Union Commons from Bach Buxton Rd & Glen-Este Withamsville Rd. These improvements along with the Clepper Lane extension to Bach Buxton Rd. the current 13,375 cars per day will increase significantly. Union Commons is also surrounded by desirable demographics with average household incomes of $95,000 and significantly rising home values.

6. OPPORTUNITY ZONE
Union Commons development site is located within a Designated Opportunity Zone, one of only two located in Clermont County. Investors in a multi-family development will have the ability to defer existing capital gains and take advantage of the significant long-term hold tax benefits available to investors in projects located in Opportunity Zones.

LOCATED IN LOVELAND’S HISTORIC DOWNTOWN DISTRICT
The property sits at the corner of Rt.48 & Loveland Ave. just a few blocks from Little Miami Scenic Trail and the Little Miami River which run through Loveland’s Historic Downtown

EASY ACCESS TO RETAIL & ENTERTAINMENT
Downtown Loveland Historic District offers an incredible array of boutique shopping, numerous local restaurant options, scenic hiking & biking trail along the Little Miami River.

STRONG DEMOGRAPHICS
Over 56% of the households nearby earn more than $100K annually, and an estimated 41,000 residents live within a 3 mile radius.

MULTIPLE REDEVELOPMENT OPTIONS
Historic (H) Zoning will allow numerous permitted uses including Multifamily, Townhomes, Single Family Residences, Retail, Offices & Restaurants. Property is located in downtown quiet zone.

Three Oaks is a rare opportunity to purchase a fully entitled, pad-ready site in a residential redevelopment in the dynamic suburb of Oakley in Cincinnati OH. This development site offers a senior living owner the opportunity to develop a 5.6 +/- acre senior living facility within a beautiful 30-acre master planned community that includes Single Family & Townhome residential along with Class A+ market rate apartments..

1. Three Oaks Master Development
The senior living site is located within Neyer Properties planned Three Oaks mixed-use 30-acre development. Along with Senior Living this new and exciting neighborhood will have a mix of new-urbanism single family residential homes, townhomes and 393 Class A+ apartments..

2 . Fully Entitled Delivered Site
The site is zoned for up to 200 senior units and is fully entitled with a 30% real estate tax abatement for 15 years. The master developer will begin construction on infrastructure in Spring 2022 with anticipated delivery of a pad-ready site, including new public utilities and public roadways in Fall 2022.

3. On Site Amenities
Three Oaks will have numerous on-site amenities including a public park and a multitude green spaces throughout the development along with dog parks and a ½ mile walking trail.

4. Eclectic Urban Neighborhood
The property is centrally located in the Cincinnati market and adjacent to numerous affluent communities. Oakley Station, a 74-acre retail, entertainment and office development is just minutes away and a pedestrian tunnel to provide direct access to Oakley Station is being planned. In addition to Oakley Station there are numerous unique neighborhood establishments.

5. Strong Senior Demographics
Since 2010, the senior population has increased by 9%. The population age 75 and older between 2019 & 2024 is projected to increase by over 13%. In addition, the average household income within a 5-mile radius is over $80,000 per year.

Tiller Farms offers a developer an opportunity to create a mixed-use master planned community on 305 acres in a premier Springfield OH location. The site consists of 5 land parcels that ideally are purchased by one developer, but owner may consider offers on separate parcels.

The land is a combination of cleared, flat and gently rolling wooded terrain including a lake. The site is bordered by established high middle-class communities on the northern & eastern borders and The Historic Simon Kenton Inn is contiguous to Tiller Farms along the west border.

Tiller Farms has prominent visibility from Routes 334 & 72 which provides direct access to numerous retail & restaurants. I-70 a major interstate connecting Columbus and Dayton is just a 5-minute drive from the site.

• Potential economic incentives available
• Minutes to numerous restaurants and retail centers
• Adjacent to major highways, including I-70
• Large employees include Navistar Assembly Plant, Mercy Health
Regional Medical Center, Honda EV Battery Plant & Honda Auto Assembly Factory
• Lack of new residential developments in the city of Springfield offers a developer the unique opportunity to provide new housing for an under-served market.

This carefully planned community is developed by Union Village Development Co. and designed by nationally recognized architect, Michael Watkins and inspired by nearby popular and desirable communities such as Hyde Park, Mariemont and Oakwood.

Within the Union Village Development there is an opportunity for a residential apartment developer to construct up to 298 apartment units along with 26,300 square feet of retail space. An existing TIF will provide infrastructure within the development site including utilities, water/sewer, roads and surface parking for the apartment site.

The 1,400-acre Union Village development allows for over 4,000 residential homes and up to one million square feet of commercial space. There are currently over 60 homes under construction and sold, a 22,500 SF, 3-story office & retail building, and a major grocer is under contract for development of a store at the corner of Rt. 63 & Rt. 741. The master development will feature a long list of amenities including a village square, playground, 5 pocket parks, walking trails and a fishing pond. Nearby community amenities include Armco Park just minutes away which is a 300 + acre park, 110-acre lake along with an 18 hole golf course. Kings Island, Little Miami Scenic Trail & the Warren County Sports Park are all within a short drive.

Union Village is at the center of tremendous growth that is occurring between the Greater Cincinnati & Dayton markets. Within minutes residents can access I-75 the major interstate connecting Cincinnati to the south & Dayton to the north and the outer suburbs of both markets are less than a 15-minute drive.

This carefully planned community is developed by Union Village Development Co. and designed by nationally recognized architect, Michael Watkins and inspired by nearby popular and desirable communities such as Hyde Park, Mariemont and Oakwood.

Within the Union Village Development there is an opportunity to construct up to 250 +/- single family build for rent (BFR) units. Along St. Rt. 63 and adjacent to planned major retail center, this site offers a developer an opportunity to capitalize on the demand for Build for Rent units. The demand for BFR housing has steadily increased over the last few years as renters increasingly prefer home-like living without the burden of home ownership. A desire for more space and suburban living has spurred this demand, positioning this site within Union Village as an opportunity with major upside.

The 1,400-acre Union Village development allows for over 4,000 residential homes and up to one million square feet of commercial space. There are currently over 60 homes under construction and sold, a 22,500 SF, 3-story office & retail building, and a major grocer is under contract for development of a store at the corner of Rt. 63 & Rt. 741. The master development will feature a long list of amenities including a village square, playground, 5 pocket parks, walking trails and a fishing pond. Nearby community amenities include Armco Park just minutes away which is a 300 + acre park, 110-acre lake along with an 18 hole golf course. Kings Island, Little Miami Scenic Trail & the Warren County Sports Park are all within a short drive.

Union Village is at the center of tremendous growth that is occurring between the Greater Cincinnati & Dayton markets. Within minutes residents

can access I-75 the major interstate connecting Cincinnati to the south & Dayton to the north and the outer suburbs of both markets are less than a 15-minute drive.

The Cushman & Wakefield Ohio Multifamily Advisory Group is pleased to present the exclusive listing of Village Square Townhomes, a 98-unit property located in North College Hill, a centrally located suburb of Cincinnati, OH boasting a strong rental market. This asset, built in 1968 and renovated in 2019, boasts all extremely desirable 3- and 4-bedroom townhome layouts, providing residents with attractive unit types that are scarce amongst the neighborhood competitors. Almost always nearly 100% occupied, Village Square will continue having strong rental demand as residents gravitate towards large, spacious townhome options.

This opportunity provides investors access to an exceptional asset with recent capital improvements, and the ability to achieve premiums of $100-$125+ through continuing the interior renovation initiative.

INVESTMENT HIGHLIGHTS:

Highly Desirable All Townhome Layouts

Attractive Assumable Financing Available

Rentals Offer Significant Savings

Over $2.3 Million in Capital Improvements

Opportunity to Continue Unit Renovations

The Cushman & Wakefield Multifamily Advisory Group is pleased to present the exclusive listing of Washington Point Apartments. The property consists of 11 1-bedroom units. Washington Point was built in 1961 and is located in Cheviot, a desirable community on the west-side of Greater Cincinnati.

Strong Rental History

Clean and Well Maintained

New Roof

Easy Transit

Access to Retail