Listed by Coldwell Banker Commercial
$1,050,000
1500 Race Street
Details
APN 081-0004-0015-00
Property Type Mixed Use
Square Footage 5,873
Units 4
Tenancy Vacant
Lease Type Modified
Pro-Forma NOI $116,148
Class A
Year Built 1895
Buildings 1
Stories 4
Acreage 0.040
Investment Type Value Add
Ground Lease No
Value-Add Opportunity
Marketing description
Pesola Advisors Group is pleased to present a rare opportunity to acquire an income-producing mixed-use asset in the heart of Over-the-Rhine. Anchored by a 2nd generation restaurant space on the first floor — currently leasing at $5,000/month — 1500 Race Street offers cash flow paired with significant upside potential for the entrepreneur-minded investor. Positioned on the prominent corner of Race and W 15th, the property provides a stable income foundation within a neighborhood defined by strong residential demand, hospitality growth, and continued private investment.
Investment highlights
- Rare mixed-use value-add opportunity in O.T.R.
- 2nd Generation Restaurant: Income from Day One
- Architectural drawings and renderings available
- Potential Federal and Ohio historic tax credit opportunity
- Potential City of Cincinnati residential CRA tax abatement, subject to buyer verification
Listing Contacts
Listed by Coldwell Banker Commercial
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Zoning
CC-P-T CommercialSpecial CommercialCommercial Community Pedestrian Transportation Corridor
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View all 92 uses Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics
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