12,538 sqft
Listed By
Agency Name: Coldwell Banker Realty
Agent Name: Laura Benson
Agency Phone: 513-321-9944
Shown By
Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575
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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.
Property Features
Property Type: Commercial - Business
Basement: Yes
Basement: Full
Cooling: Central Air, Window Unit
Fenced: Yes
Heating: Baseboard, Forced Air
Lot Size: 0.23 Acres
Roof Type: Membrane
Year Built: 1910
Amenities
Display Window
Sidewalks
Lights
Feature Descriptions
Exterior: Brick
Flooring: Carpet, Wood
Foundation: Poured
Gas: Natural
Lot Dimensions: of record
Owner Pays: Taxes, Gas, Water, Sewer, Insurance, Internal Maintenance, External Maintenance, Common Area Maint, Trash Removal, Other
Parcel #: 217-0050-0092-00
Parking: Private, Lot, Onsite, On Street, Assigned, Asphalt, Fenced
Road Frontage: City
Sewer: Public Sewer
Site: Business District, Multi-Tenant, Residential Area, Commercial Area
Tenant Pays: Electricity
Total Buildings: 1
Water: Public
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288 Ludlow Avenue | MLS# 1888226
This commercial property located at 288 Ludlow Avenue, Cincinnati, OH 45220 is currently listed for sale with an asking price of $1,950,000. Search Cincinnati real estate on www.hawksnestcrossing.com today.